Marval advised Mercado Libre once again on the issuance of Mercado Crédito XLIII trust securities

Marval advised Mercado Libre once again on the issuance of Mercado Crédito XLIII trust securities

The Firm has once again played a major role in a Banking & Finance, and Fintech transaction.

This time, Marval O’Farrell Mairal acted as legal advisor on the issuance of the 43^rd series of financial trusts “Mercado Crédito”, for a total amount of ARS 109,999,978,621, under the “Mercado Crédito” Program, which securitizes 100% digital loans. The transaction took place on December 1, 2025, and included the issuance of trust debt securities for a total of ARS 87,999,982,897 and certificates of participation for ARS 21,999,995,724.

MercadoLibre S.R.L., one of the most important companies in LATAM, acted as trustor, administrator, and collection agent. Banco Patagonia S.A. acted as trustee, arranger, and underwriter; and Allaria S.A. acted as sub-underwriter. Following the structure used in previous issuances, the securitized assets of “Mercado Crédito XLIII” consist of 100% digital consumer and working capital loans granted to users and consumers by executing private instruments signed electronically.

The securities were authorized for public offering by the Argentine Securities and Exchange Commission and listed in ‘Bolsas y Mercados Argentinos S.A.’ and ‘A3 Mercados S.A.’.

Marval O’Farrell Mairal acted as legal advisor of the transaction through a team led by Partners Juan Diehl Moreno and Sergio Tálamo, together with Associates Lautaro Penza and Pedro María Azumendi. Paulina Rossi acted as MercadoLibre in-house counsel.