Willkie Farr & Gallagher LLP
09/23/2024 | News release | Distributed by Public on 09/23/2024 14:11
Willkie Represents Mercado Lending in $250 Million Revolving Credit Facility
Willkie Represents Mercado Lending in $250 Million Revolving Credit Facility
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September 23, 2024
Willkie represented Mercado Lending S.A., de C.V., a subsidiary of Mercado Libre Inc., in the negotiation of a $250 million senior secured revolving credit facility with JPMorgan Chase Bank. The facility will allow Mercado Libre to reinvest and finance more small businesses, medium-sized businesses and individual consumers in Mexico.
Mercado Libre is one of the largest online marketplaces in Latin America, with operations in more than 18 countries and over 150 million users. Mercado Libre has seen rapid growth in the lending business in Latin America and particularly in Mexico, where it's loan portfolio recently reached $1.5 billion.
The Willkie team was led by partner Andres Mena and associate Josefina Ayala Wilkins.
Mercado Libre is one of the largest online marketplaces in Latin America, with operations in more than 18 countries and over 150 million users. Mercado Libre has seen rapid growth in the lending business in Latin America and particularly in Mexico, where it's loan portfolio recently reached $1.5 billion.
The Willkie team was led by partner Andres Mena and associate Josefina Ayala Wilkins.