"Mercado Pago Issues USD 46.1M Additional Series 2 Notes with Strong Credit Ratings"

TCA Tanoira Cassagne advised Mercado Pago Servicios de Procesamiento (MPSP), while Bruchou & Funes de Rioja advised Banco Santander Argentina, Balanz Capital Valores, Banco de Galicia y Buenos Aires, Allaria, Banco BBVA Argentina, Industrial Valores, Banco Patagonia, and Macro Securities as placement agents in Mercado Pago’s issuance of its Additional Series 2 Notes. The transaction involved the issuance of Additional Series 2 Notes by Mercado Pago, denominated and payable in U.S. dollars, with a maturity date of June 1, 2026. The total issuance amount was USD 46,149,220, with a fixed annual interest rate of 4.98%. The issuance received strong credit ratings: A1+(arg) from FIX SCR (an affiliate of Fitch Ratings) and ML A-1.ar from Moody’s Local AR ACR. The Notes were authorized for listing on A3 Mercados and Bolsas y Mercados Argentinos. MPSP, part of Mercado Libre’s financial solutions ecosystem, operates as a Payment Service Provider in the acquirer category, focusing on payment processing and card transaction settlement. The legal team from TCA Tanoira Cassagne, acting as issuer’s counsel, was led by partners Alexia Rosenthal and Ignacio Criado Díaz, supported by associates Carolina Mercero and Florencia Ramos Frean. In-house counsel for MPSP included Paulina Rossi and Natalia Amateis. Bruchou & Funes de Rioja, acting as placement agents’ counsel, was led by partners José Bazán and Leandro Belusci, with associates Victoria Negro and Juan Rosatto.

"Mercado Pago Issues USD 46.1M Additional Series 2 Notes with Strong Credit Ratings"

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