Mercado Livre closes $1 bn issue to invest in credit and logistics

The online retailer Mercado Libre closed this month two debt issues totalling $1.1 bn, and part of the funds ($400 mm) will be invested in projects in areas such as credit and sustainability, especially in Brazil and Mexico. Another portion will refinance existing debt. Moody’s classified the operation as “Ba1,” in the speculative grade range.

Source: Valor Investe