This Thursday, Mercado Livre priced a US$750 million debt issue due in 2033 and a coupon of 4.9%, the company said in a statement.
The proceeds will be used for general corporate purposes and to strengthen the company’s liquidity, the company said.
The issuance consisted of senior unsecured notes. The coordinators of the operation were Citi, Goldman Sachs and JPMorgan.
Mercado Livre said this was the first bond issue since it achieved investment grade status. The company was raised to investment grade by Fitch in October 2024 and by S&P last July.
The company is rated at investment grade by Moody’s, which last month placed Mercado Livre’s recommendation under review for upgrade.
