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MELI > SEC Filings for MELI > Form 8-K on 15-May-2013All Recent SEC Filings

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Form 8-K for MERCADOLIBRE INC


15-May-2013

Entry into a Material Definitive Agreement


Item 1.01. Entry into a Material Definitive Agreement.

On May 10, 2013, MercadoLibre SRL., a subsidiary of Meli Participaciones S.L., an entity controlled by MercadoLibre, Inc. (the "Company"), entered into a purchase agreement with Ribera Desarrollos S.A. to acquire three floors totaling 3,814 square meters and 36 parking spaces in a building named Torre Al Rio I, located in Avenida Libertador Gral. San Martín, Vicente López, Buenos Aires, Argentina for approximately $17.8 million plus Value Added Tax ("VAT"), to be paid in local currency as follows: (i) $0.4 million plus VAT paid in April 2013 to reserve the property, (ii) $3.2 million plus VAT as of the signing of the purchase agreement and (ii) $14.2 million plus VAT in seven monthly installments commencing on June 10, 2013. MercadoLibre SRL. is funding the purchase price with its own funds and closed the acquisition on May 10, 2013.


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