Marval advises on the international registered public offering of secured notes by Mercado Libre, Inc. for USD 1,000 million

Mercado Libre Inc (MELI), the leading e-commerce and fintech company in Latin America, successfully completed the placement and international registered public offering of secured notes for a total of USD 1,000 million. This issuance was the second since MELI achieved investment-grade status.

On September 14, MELI issued a series of notes for USD 1,000 million at a rate of 5.850 %, and maturing in 2036.

The transaction was led by BofA Securities, Citigroup, Goldman Sachs & Co. LLC,, J.P. Morgan and Morgan Stanley as Global Coordinators and Lead Book-Running Managers and Allen & Company and Santander as Joint Book-Running Managers.

MELI will use the proceeds for general corporate purposes, including but not limited to refinancing or repaying outstanding debt.

Marval advised MELI and Mercado Libre SRL (Argentina) under Argentine law through a team led by partner Juan M. Diehl Moreno and associates Maria Manuela Lava and Lautaro Penza.

MELI’s In-house counsels were Jacobo Cohen Imach, Eugenia de la Puerta Etcheverria, Yanina do Nascimento and Marlene Mattiozzi.