NHG represents Mercado Libre in asset-based financing

Nader Hayaux & Goebel has represented Mercado Libre in the transaction through which JPMorgan Chase granted $4.5 billion pesos to Mercado Lending, a subsidiary of Mercado Libre.

This non-recourse asset-backed financing is designed to unlock the liquidity of the loans issued by Mercado Lending, further strengthening the growth of digital finance in Latin America.

In addition, Mercado Pago, Fintech arm of Mercado Libre and an electronic payments institution licensed by Mexico’s National Banking and Securities Commission, acting as administrator, will oversee loan administration activities, supported by an administration and collection support services agreement.

This mechanism is an example of how Fintech innovation reshapes traditional asset-backed financing by integrating technology-driven loan origination and automated payment systems.

NHG’s team comprised partner Hans Goebel (pictured) and of counsel Federico Vergara.