Mercadolibre announces repurchase of $440 million of its convertible senior notes

Buenos aires, argentina, jan. 07, 2021 (globe newswire) -- mercadolibre, inc. (nasdaq: meli) today announced that it has entered into privately negotiated transactions to repurchase approximately $440 million principal amount of its outstanding 2.00% convertible senior notes due 2028.  the closing of those transactions, which is anticipated to occur over a period ending on january 26, 2021, is conditioned upon the pricing of mercadolibre's previously announced offering for cash of guaranteed senior notes. following such closing, approximately $440 million principal amount of the convertible notes will remain outstanding.
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