TCA Tanoira Cassagne and Bruchou advise on Mercado Pago’s notes issuance
TCA Tanoira Cassagne advised Mercado Pago Servicios de Procesamiento (MPSP), while Bruchou & Funes de Rioja advised Banco Santander Argentina, Balanz Capital Valores, Banco de Galicia y Buenos Aires, Allaria, Banco BBVA Argentina, Industrial Valores, Banco Patagonia, and Macro Securities as placement agents in Mercado Pago’s issuance of its Additional Series 2 Notes.
The notes, denominated and payable in U.S. dollars, mature on June 1, 2026, with a total issuance amount of USD 46,149,220 and a fixed annual interest rate of 4.98%.
The issuance received strong credit ratings: A1+(arg) from FIX SCR (an affiliate of Fitch Ratings) and ML A-1.ar from Moody’s Local AR ACR. The Notes have been authorized for listing on A3 Mercados and Bolsas y Mercados Argentinos.
MPSP forms part of Mercado Libre’s expanding financial solutions ecosystem, offering consumers and merchants a broad suite of services that support online and in-person commerce, digital and physical payment processing, and a range of financial tools for secure money management. Created in 2020 within the Fintech ecosystem, MPSP operates as a Payment Service Provider in the acquirer category, primarily focused on payment processing and card transaction settlement.
TCA, issuer’s legal counsel, was led by partners Alexia Rosenthal and Ignacio Criado Díaz, with associates Carolina Mercero and Florencia Ramos Frean. In-house counsel were led by Paulina Rossi and Natalia Amateis.
Bruchou & Funes de Rioja was the placement agents’ legal Counsel and was guided by partners José Bazán and Leandro Belusci, with associates Victoria Negro and Juan Rosatto.
