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10.09.26 - 15:48
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Mercado Libre Successfully Issues USD 1,000 Million of 2036 Senior Unsecured Notes (Business Wire)
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MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Mercado Libre, Inc. (“Mercado Libre”) announces the successful issuance of its 2036 senior unsecured notes for a total amount of USD 1,000 million. The transaction was met with strong demand from more than one hundred institutional investors. 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're grateful to investors for their continued support. We priced this new 10-year note at the same spread as our previous 7-year issuance, despite the longer tenor. That reflects the confidence investors continue to place in Mercado Libre's execution and business model, and marks another step in our consolidation as a full investment grade issuer in the international capital markets," said Martín de los Santos, CFO of Mercado Libre.
Transaction Highlights
Title of Securities: 5.850% Notes due 2036...
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