Marval advises on the international registered public offering of secured notes by Mercado Libre, Inc. for USD 750 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 750 million. This issuance was the first since MELI achieved investment-grade status.
On December 9, MELI issued a series of notes for USD 750,000,000 at a rate of 4.9%, and maturing in 2033. The bonds were oversubscribed by 3.6 times.
The joint global coordinators and lead bookrunning managers were Citigroup Global Markets Inc, Goldman Sachs & Co LLC, and JP Morgan Securities LLC, Allen & Company, BNP Paribas, Bank of America, Morgan Stanley, and Santander.
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 associate Maria Manuela Lava.
MELI’s In-house counsels were Jacobo Cohen Imach, Tomas Hermida Zapiola, Eugenia de la Puerta Etcheverria, and Yanina do Nascimento.