Mercado Libre Successfully Issues USD 750 million of 2033 Senior Unsecured Notes

Mercado Libre announces the successful issuance of its 2033 senior unsecured notes for a total amount of USD 750 million. The transaction – the first since the company achieved Investment Grade status – was met with strong demand from more than 150 institutional investors, and was 3.6x oversubscribed. This demonstrates continued confidence in Mercado Libre’s strategy, execution and cash generation capacity. Proceeds will be used for general corporate purposes, and will further strengthen the company’s liquidity.

“We are very pleased with the outcome of this transaction, which reinforces investor support for our strategy and reflects the strength of our business model, financials and cash flow generation. The offer enables us to optimize our funding structure under attractive market conditions after achieving investment grade status”, said Mercado Libre CFO, Martin de los Santos.

"The offer enables us to optimize our funding structure under attractive market conditions after achieving investment grade status”.  

 

Martin de los Santos

Mercado Libre CFO

Transaction Highlights

• Title of Securities: 4.900% Notes due 2033
• Security Type: Senior Unsecured Notes
• Format: SEC Registered
• Issuer Rating: BBB- (S&P) / BBB- (Fitch)
• Size: USD 750 million
• Tenor: 7 years (expiring in January 2033)

Syndicate

The transaction was led by Citigroup, Goldman Sachs (B&D) and J.P. Morgan as Global Coordinators and Joint Bookrunners and Allen & Company, BNP Paribas, Bank of America, Morgan Stanley and Santander as Joint Bookrunners.