MercadoLibre Enters Material Definitive Agreement

TL;DR

MELI inked a big deal, check the financials.

AI Summary

MercadoLibre Inc. entered into a material definitive agreement on September 27, 2024, related to financial obligations. The company also reported on the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial transaction or commitment by MercadoLibre, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce financial risks and impact the company's balance sheet.

Key Players & Entities

• MercadoLibre Inc. (company) — Filer of the 8-K report
• September 27, 2024 (date) — Date of the earliest event reported
• October 1, 2024 (date) — Date of the report

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share MELI Nasdaq Globa
• $400,000,0000 — "Company"), as borrower, entered into a $400,000,0000 amended and restated revolving credit a
• $400,000,000 — redit Agreement amends and restates the $400,000,000 revolving credit agreement dated as of
• $600,000,000 — uivalents and short-term investments of $600,000,000. The Amended and Restated Credit Agree

Filing Documents

• meli-8k_100124.htm (8-K) — 37KB
• ex10-01.htm (EX-10.01) — 783KB
• 0001999371-24-012775.txt ( ) — 1195KB
• meli-20241001_def.xml (EX-101.DEF) — 26KB
• meli-20241001_lab.xml (EX-101.LAB) — 36KB
• meli-20241001_pre.xml (EX-101.PRE) — 25KB
• meli-20241001.xsd (EX-101.SCH) — 4KB
• meli-8k_100124_htm.xml (XML) — 7KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On September 27, 2024, MercadoLibre, Inc. (the "Company"), as borrower, entered into a $400,000,0000 amended and restated revolving credit agreement (the "Amended and Restated Credit Agreement") with the lenders party thereto (the "Lenders"), Citibank, N.A. as administrative agent (the "Administrative Agent") and MercadoLibre S.R.L., Ebazar.com.br Ltda., Mercado Pago Instituio de Pagamento Ltda., DeRemate.com de Mexico S. de R.L. de C.V., MP Agregador, S. de R.L. de C.V., MercadoLibre Chile Ltda., and MercadoLibre Colombia Ltda. as initial guarantors (collectively, the "Initial Guarantors"). The Amended and Restated Credit Agreement amends and restates the $400,000,000 revolving credit agreement dated as of March 31, 2022 (the "Credit Agreement"). The Company's obligations under the Amended and Restated Credit Agreement are guaranteed by the Initial Guarantors. Additional guarantors may be added and existing guarantors may be removed, as specified in the Amended and Restated Credit Agreement, provided that no Initial Guarantor may be excluded if excluding such Initial Guarantor would result in the aggregate revenues of all guarantors representing less than 75% of the revenues of the Company. The interest rates under the Amended and Restated Credit Agreement are based on Term SOFR (as defined in the Amended and Restated Credit Agreement) plus an interest margin of 1.00% per annum, which may be decreased to 0.90% per annum or increased to 1.15% per annum depending on the Company's debt rating, as further provided under the Amended and Restated Credit Agreement. Any loans drawn from the Amended and Restated Credit Agreement must be repaid on or prior to September 27, 2028, which will be automatically extended to September 27, 2029 upon satisfaction, on or prior to August 28, 2027, of the Maturity Extension Conditions (as defined in the Amended and Restated Credit Agreement), as further provided in the Amended a

03 Creation of a Direct Financial Obligation or an Obligation under

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under "Item 1.01 Entry into a Material Definitive Agreement" is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit Number Description 10.01 Amended and Restated Revolving Credit Agreement, dated September 27, 2024, among MercadoLibre, Inc., as borrower, the lenders party thereto, Citibank, N.A., as administrative agent, and MercadoLibre S.R.L., Ebazar.com.br Ltda., Mercado Pago Instituio de Pagamento Ltda., DeRemate.com de Mexico S. de R.L. de C.V., MP Agregador, S. de R.L. de C.V., MercadoLibre Chile Ltda., and MercadoLibre Colombia Ltda. as initial guarantors. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MercadoLibre, Inc. Dated: October 1, 2024 By: /s/ Martn de los Santos Name: Martn de los Santos Title: Chief Financial Officer EXHIBIT INDEX Exhibit Number Description 10.01 Amended and Restated Revolving Credit Agreement, dated September 27, 2024, among MercadoLibre, Inc., as borrower, the lenders party thereto, Citibank, N.A. as administrative agent, and MercadoLibre S.R.L., Ebazar.com.br Ltda., Mercado Pago Instituio de Pagamento Ltda., DeRemate.com de Mexico S. de R.L. de C.V., MP Agregador, S. de R.L. de C.V., MercadoLibre Chile Ltda., and MercadoLibre Colombia Ltda. as initial guarantors. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

View Full Filing

View this 8-K filing on SEC EDGAR