MercadoLibre issues $1 billion 10‑year notes and receives New Street buy rating
MercadoLibre Inc. announced the sale of $1.0 billion of 10‑year senior unsecured notes due 2036 at a 5.85% coupon, attracting more than 100 institutional investors. The company also reported strong earnings, with quarterly revenue of $10.17 billion, EBITDA of $960 million and net income of $466 million, and annual revenue of $28.9 billion. New Street initiated coverage, assigning a Buy rating and a $2,450 price target. The news lifted the stock about 9.84% on October 5, 2026.
Why it matters
New Street’s Buy rating and $2,450 target suggest upside potential for investors, according to the firm’s note. The successful bond issuance provides liquidity for general corporate purposes, which may reduce financial risk and support future growth, as stated by the company.
Key facts
- 1MercadoLibre sold $1.0 billion of 10‑year senior unsecured notes due 2036 at a 5.85% coupon. timothysykes.com
- 2More than 100 institutional investors participated in the bond purchase. timothysykes.com
- 3Quarterly revenue was $10.17 billion. stockstotrade.com
- 4Quarterly EBITDA was $960 million. stockstotrade.com
- 5Quarterly net income was $466 million. stockstotrade.com
- 6Annual revenue was $28.9 billion. timothysykes.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.