Hedgeye says go long Sea Limited, short MercadoLibre in pair trade

MercadoLibre (MELI) priced $1B in 10-year senior unsecured notes with a 5.85% coupon, settling on September 14, 2026. Proceeds will fund general corporate purposes, with annual interest payments of $58.5M. Management has discretion over deployment, potentially in logistics, payments, and commerce. The notes were priced at 97.864% of face value, implying a 6.139% yield to maturity. Hedge fund interest in MELI has increased, with 107 funds holding positions in Q2 2026.

MercadoLibre raised $1 billion via 10-year notes at a 5.85% coupon, yielding 6.139%, 130 basis points over US Treasuries. The proceeds will fund long-term assets and reduce refinancing risk. The company also released a study claiming its Argentine operations add $5.4 billion in value and support 126,500 jobs.

MercadoLibre issued $1 billion in 5.850% notes due 2036, adding to its debt. The notes are senior unsecured, with a make-whole call feature. The coupon is in line with its 2033 notes, suggesting a modestly wider spread for the longer tenor. Proceeds may impact leverage and interest expense.

MercadoLibre (MELI) closed a $1B offering of 5.850% notes due 2036, guaranteed by subsidiaries in Brazil, Mexico, Chile, and Colombia. The offering strengthens its balance sheet for future expansion in e-commerce and fintech.

MercadoLibre (MELI) completed a $1.0B offering of 5.85% notes due in 2036. The notes were issued under a Form S-3 registration and are guaranteed by several subsidiaries. Legal opinions and full indenture details were filed with the SEC.

MercadoLibre (MELI) issued $1b in 10-year bonds at 5.850% to fund e-commerce, fintech, logistics, and AI investments. The move provides long-term liquidity and flexibility. Analysts project $75.6b revenue and $5.3b earnings by 2029, but risks include credit quality and competition.