Marval advised on a new Notes issuance by Mercado Pago

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., Macro Securities S.A.U., Allaria S.A. and Balanz Capital Valores S.A.U., as placement agents, in the issuance of Notes by Mercado Pago Servicios de Procesamiento S.R.L. (“MPSP”).

The issuance included: (i) Series 4 Notes denominated and payable in US dollars, due on September 1, 2026, for an aggregate amount of US$43,995,493, at a fixed interest rate of 0.00%; (ii) Series 5 Notes denominated and payable in Argentine pesos, due on November 18, 2026, for an aggregate amount of ARS 42,257,478,512, accruing interest at a floating rate equal to the Private TAMAR rate plus a 2.50% margin; and (iii) Series 6 Notes denominated and payable in Argentine pesos, due on May 18, 2027, for an aggregate amount of ARS 44,645,850,000, accruing interest at a floating rate equal to the Private TAMAR rate plus a 3.00% margin —collectively, the “Notes”—.

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

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

MPSP is part of MercadoLibre’s financial solutions ecosystem, which offers consumers and merchants a comprehensive portfolio of services that enable online and in-person commerce, payment processing in digital and physical environments, and a broad range of financial services to manage money simply and securely.

In 2020, MPSP was established as part of the fintech ecosystem, operating as a Payment Service Provider in the acquirer category. Its main function is to provide payment processing and card transaction settlement services.

Legal counsel to the placement agents: Marval O'Farrell Mairal, through a team led by partner Sergio Tálamo and associates Pedro María Azumendi, Lautaro Penza and Candela Di Cuffa.