Item 8.01. Other Events.
On January 7, 2021, MercadoLibre, Inc. ("MercadoLibre" or the "Company") issued
a press release describing the Company's entry into privately negotiated
transactions to repurchase approximately $440 million principal amount of its
outstanding 2.00% convertible senior notes due 2028 (the "2028 notes") at a
price based in part on the volume-weighted average price of MercadoLibre's
common stock during a price determination period following execution of the
repurchase agreements (the "Transactions"). Calculated on the basis of the
closing price of MercadoLibre's common stock on January 6, 2021, the aggregate
purchase price payable would have been approximately $1,589.2 million (though
the actual price ultimately paid will depend on prevailing prices for
MercadoLibre's common stock during the pricing period and may be higher or
lower).
The closing of the 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 2028 notes will
remain outstanding.
A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1 . Press release dated January 7, 2021
Exhibit 104. The cover page from this Current Report on Form 8-K, formatted in
Inline XBRL.
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