Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

MercadoLibre sells additional $80M of 2.00% senior notes

Published 08/31/2018, 04:17 PM
© Reuters.  MercadoLibre sells additional $80M of 2.00% senior notes
MMM
-
MELI
-
  • MercardoLibre (NASDAQ:MELI) reports the partial exercise of the option granted to initial purchasers of 2.00% convertible senior notes due 2028 that allowed them to buy more of the notes.
  • Net proceeds from the offering of additional notes is estimated at $78.6M.
  • MELI sees using about $8.3M (NYSE:MMM) to pay the cost of additional capped call transactions. The rest will be used for general corporate purposes.
  • MercadoLibre has issued a total of $880M aggregate principal amount of the notes.
  • Previously: MercadoLibre announces pricing of $800M convertible senior note offering (Aug. 23)
  • Now read: Sime Darby Bhd 2018 Q4 - Results - Earnings Call Slides


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.