MercadoLibre, Inc. announcing the commencement of a proposed offering of guaranteed senior notes (the Notes"), including a series of guaranteed senior sustainable notes (the Sustainable Notes"), subject to market and other conditions. The Notes will be unsecured obligations of the company and will be fully and unconditionally guaranteed by its subsidiaries MercadoLibre S.R.L., Ibazar.com Atividades de Internet Ltda., eBazar.com.br Ltda., Mercado Envios Servicos de Logistica Ltda., MercadoPago.com Representa es Ltda., MercadoLibre Chile Ltda., MercadoLibre, S. de R.L. de C.V., DeRemate.com de M xico, S. de R.L. de C.V. and MercadoLibre Colombia Ltda. The company intends to use the net proceeds from the sale of the Sustainable Notes to finance or refinance, in whole or in part, one or more new or existing Eligible Projects, which are defined as investments and xpenditures made by the company or any of the company's subsidiaries after the issuance date of the Sustainable Notes or made by the company or its subsidiaries in the 24 months prior to the issuance of the Sustainability Notes, that: contribute to environmental objectives such as: clean transportation, land conservation and preservation, energy efficiency, renewable energy, green buildings and pollution prevention and control, aim to address or mitigate a specific social issue or seek to achieve positive social outcomes especially, but not exclusively, for one or more target populations or combine (i) and (ii). The company intends to use the net proceeds from the sale of Notes other than the Sustainable Notes for general corporate purposes. The company has outstanding $880 million in aggregate principal amount of 2.00% Convertible Senior Notes Due 2028 (the 2028 Notes"), which are convertible to shares of common stock currently at a conversion price of $443.40 per share of common stock.