MercadoLibre in $880 Million Offering
August 31, 2018
Cleary Gottlieb acted as counsel to MercadoLibre, Inc. in its Rule 144A offering of $880 million principal amount of 2.00 percent convertible senior notes due 2028 and in a series of related capped call transactions.
Cleary also represented MercadoLibre in concurrent private exchange transactions relating to its outstanding 2.25 percent convertible senior notes due 2019 and the partial termination of related existing capped call transactions. The transactions closed on August 24, 2018, with an additional closing on August 31, 2018, in respect of the partial exercise of the initial purchasers’ option to purchase additional notes.
MercadoLibre is one of the largest online commerce ecosystems in Latin America, focused on enabling e-commerce and related services. It is a market leader in e-commerce in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru, Uruguay, and Venezuela.