Marval advised the placement agents on Mercado Pago’s Class 3 Notes issuance for a total amount of $61,241,075,513

Marval O’Farrell Mairal advised Banco BBVA Argentina S.A., Banco Patagonia S.A., Banco de Galicia y Buenos Aires S.A., Industrial Valores S.A. and Macro Securities S.A.U., in their capacity as placement agents, in the issuance by Mercado Pago Servicios de Procesamiento S.R.L. (“MPSP”) of its Class 3 Notes, denominated and payable in Pesos and maturing on February 23, 2027, for a total amount of ARS 61,241,075,513. The Notes accrue interest at a floating rate determined by the Private TAMAR rate plus a margin of 3.50% (the “Notes”) and were issued on February 23, 2026 (the “Notes”). 

The Notes were rated A1+(arg) by FIX SCR S.A. Credit Rating Agency (Affiliate of Fitch Ratings) and ML A-1.ar by Moody´s Local AR ACR S.A., Credit Rating Agency. 

The Notes have been authorized for listing on A3 Mercados S.A. and Bolsas y Mercados Argentinos S.A. 

MPSP forms part of Mercado Libre’s financial solutions ecosystem, which offers consumers and merchants a comprehensive portfolio of services that enable online buying and selling, payment processing in digital and physical environments, and a wide range of financial services to manage money in a simple and secure manner. 

In 2020, MPSP was incorporated as part of the Fintech ecosystem, operating as a Payment Service Provider under the Acquirer category. Its main function is the provision of payment processing services and card transaction settlement. 

The Marval team was led by partners Sergio Tálamo and Juan Diehl Moreno and associates Pedro María Azumendi, Lautaro Penza, and Felicitas María Bereterbide.  

TCA Tanoira Cassagne acted as legal advisor to MPSP through a team led by partners Alexia Rosenthal and Ignacio Criado Diaz and associates Carolina Mercero and Florencia Ramos Frean. 

Finally, Paulina Rossi and Natalia Amateis acted as in-house advisors.