We advised on the registered public offering of US$1,100 million in international guaranteed senior notes of Mercado Libre, Inc.

Mercado Libre, Inc. (“MELI”), the leading technology company in e-commerce and fintech in Latin America, successfully completed the registered public offering and issuance in the international market of US$1,100 million guaranteed senior notes, receiving offers over US$12,000 million.

On January 14,  MELI issued two tranches of notes: (i) US$400,000,000 at a 2.375% interest rate due in 2026 (the “2026 Sustainable Notes”) and (ii) US$700,000,000 at a 3.125% interest rate due in 2031 (the “2031 Notes,” and jointly with the 2026 Sustainable Notes, the “Notes”).

The underwriters were BNP Paribas Securities Corp, BOFA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC.

Moody’s Investors Service has assigned a Ba1 Corporate Family Rating (CFR) to MELI and a Ba1 rating to the Notes. Fitch Ratings has assigned a 'BB+' First-Time Foreign Currency (FC) Issuer Default Rating (IDR) and a 'BB+' First-Time Local Currency (LC) IDR to MELI. Fitch has also assigned a 'BB+' rating to the Notes.  The Ratings Outlook to MELI are stable.

MELI intends to use the proceeds of the Sustainability Notes to finance or refinance ongoing or new projects with social or environmental impacts. The proceeds from the 2031 Notes will be allocated to debt repurchase.

Argentine legal advisors under Argentine Law of MELI and Mercado Libre SRL (Argentina):

Marval O’Farrell Mairal: Partners Juan M. Diehl Moreno and María Inés Brandt. Associates Maria Manuela Lava, Jacqueline Berkenstadt and Luciana Virgile.

In-House Counsel:

Jacobo Cohen Imach, Tomás Hermida Zapiola and Eugenia de la Puerta Etcheverría