TCA Tanoira Cassagne (“TCA”) advised Mercado Pago Servicios de Procesamiento S.R.L. (“MPSP”), in the creation of its simple non-convertible notes program for a total amount in circulation at any time of US$500,000,000 (or its equivalent in other currencies or units of value or measure) (the “Program”), which authorization was granted by the National Securities Commission (the “CNV” for its acronym in Spanish) on July 2nd, 2025.
TCA advised MPSP, and Pérez Alati, Grondona, Benites & Arntsen advised Banco BBVA Argentina S.A., Banco Patagonia S.A. and Industrial Valores S.A. as placement agents, in the issuance of Series 1 Notes due on July 18th, 2026, denominated and payable in Argentine Pesos, which were issued on July 18th, 2025, for an aggregate amount of AR$ 51,047,182,633 and accruing a floating interest rate equal to the Private TAMAR rate plus a 2.85% margin (the “Notes”).
The Notes were rated A1+(arg) by FIX SCR S.A. Credit Rating Agency (an affiliate of Fitch Ratings), and ML A-1.ar by Moody’s Local AR ACR S.A. Credit Rating Agency.
The Notes have been authorized for listing were listed on A3 Mercados S.A. and Bolsas y Mercados Argentinos S.A.
MPSP is part of the Mercado Libre’s financial solutions ecosystem, which offers consumers and merchants a comprehensive portfolio of services that enable online and in‑person commerce, payment processing in both digital and physical environments, and a broad range of financial services to manage money simply and securely.
In 2020, MPSP was established as part of the Fintech ecosystem, operating as a Payment Service Provider in the acquirer category. Its main function is to provide payment processing and card transaction settlement services.
Legal Counsel of the Issuer: TCA through a team led by Partners Alexia Rosenthal and Ignacio Criado Diaz; and Associates: Carolina Mercero and Florencia Ramos Frean.
Asesores in-house: Paulina Rossi and Natalia Amateis.
Legal Counsel to the Placement Agents: Pérez Alati, Grondona, Benites & Arntsen through a team led by Partner María Gabriela Grigioni; and Associates María Sol Martínez, Juan Ignacio Rodriguez Goñi, Violeta Okretic and Juan Hernán Bertoni.
