Marval advises on the issuance of trust securities "Mercado Credito XXXIV".

Marval - The Argentine law firm once again provided legal advice in a transaction on banking, finance and fintech law.

After participating in 33 series, Marval O’Farrell Mairal acted once again as legal advisor in the issuance of the thirty-fourth series of trust securities corresponding to the "Mercado Crédito" financial trusts. The amount of the issue totaled V/N ARS 80,001,460,291 and is part of the Mercado Crédito Global Trust Securities Program, which securitizes 100% digital loans. The issuance was made on March 11, 2025 and included trust debt securities for V/N ARS 62,001,131,726 and participation certificates for V/N ARS 18,000,328,565.

MercadoLibre SRL, a leading LATAM company, acted as trustee, administrator and collection agent, while Banco Patagonia SA acted as trustee, arranger and underwriter, and Allaria SA, as underwriter. Under the same structure used in the previous issues, the trust assets in Mercado Crédito XXXIV consist of consumer and working capital loans granted 100% digitally to users and consumers through the execution of private instruments subscribed by electronic signature, through MercadoLibre’s electronic platform.

The National Securities Commission authorized the public offering of these trust securities, which are traded on A3 Mercados SA (formerly "Mercado Abierto Electrónico") and listed on Bolsas y Mercados Argentinos SA.

Marval O’Farrell Mairal acted as legal counsel in the transaction through its partners Juan Diehl Moreno and Sergio Tálamo, together with its associate Sebastián Swinnen. Micaela Varas Bleuer, María Victoria Suarez and Paulina Rossi acted as in-house counsel to MercadoLibre.

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