Marval Advises Mercado Libre on US$750 Million International Offering of Secured Notes

Marval advised Mercado Libre, Inc. (MELI) and Mercado Libre SRL on the transaction, with Mercado Libre’s in-house legal team also participating. Mercado Libre, Inc., the leading e‑commerce and fintech company in Latin America, completed an international registered public offering and placement of secured notes totaling USD 750 million. The issuance, the first since MELI achieved investment‑grade status, was completed on December 9. The notes bear a fixed interest rate of 4.9%, mature in 2033 and the offering was oversubscribed by approximately 3.6 times. The joint global coordinators and lead bookrunning managers on the transaction were Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, with additional managers including Allen & Company, BNP Paribas, Bank of America, Morgan Stanley and Santander. MELI indicated that the net proceeds will be used for general corporate purposes, including, without limitation, refinancing or repaying outstanding debt. Marval represented Mercado Libre, Inc. and Mercado Libre SRL with a team composed by: partner Juan M. Diehl Moreno and associate Maria Manuela Lava. Mercado Libre’s in‑house legal department represented Mercado Libre, Inc. with a team composed by: Jacobo Cohen Imach, Tomas Hermida Zapiola, Eugenia de la Puerta Etcheverria and Yanina do Nascimento.

Marval Advises Mercado Libre on US$750 Million International Offering of Secured Notes

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