The following tables summarize the Company’s Loans payable and other financial liabilities as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (In millions) | | Loans from banks | $ | 1,184 | | | $ | 909 | | | Bank overdrafts | 10 | | | 16 | | | Secured lines of credit | 287 | | | 239 | | | Financial Bills and Deposit Certificates | 2,090 | | | 1,700 | | | Commercial Notes | 194 | | | 143 | | | Finance lease liabilities | 49 | | | 48 | | | Collateralized debt | 2,356 | | | 1,039 | | | 2026 Sustainability Notes | — | | | 367 | | | 2031 Notes | 8 | | | 8 | | | 2033 Notes | 21 | | | 2 | | | Promissory Notes | 251 | | | 127 | | | Other lines of credit | 32 | | | 25 | | | Current loans payable and other financial liabilities | $ | 6,482 | | | $ | 4,623 | | | | | | | Loans from banks | $ | 765 | | | $ | 627 | | | Secured lines of credit | — | | | 1 | | | Financial Bills and Deposit Certificates | 596 | | | 582 | | | Commercial Notes | 217 | | | 198 | | | Finance lease liabilities | 66 | | | 82 | | | Collateralized debt | 1,231 | | | 1,813 | | | 2031 Notes | 533 | | | 533 | | | 2033 Notes | 734 | | | 733 | | | Other lines of credit | 2 | | | 1 | | | Non-Current loans payable and other financial liabilities | $ | 4,144 | | | $ | 4,570 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Type of instrument | | Currency | | Interest | | Weighted Average Interest Rate | | Maturity | | June 30, 2026 | | December 31, 2025 | | |
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| | (In millions) | | Loans from banks: | | | | | | | | | | | | | | Chilean Subsidiaries | | Chilean Pesos | | Fixed | | 5.37% | | July - December 2026 | | $ | 281 | | | $ | 246 | | | Brazilian Subsidiary | | Brazilian Reais | | Variable | | CDI + 0.25% - 0.39% | | December 2026 - January 2027 | | 54 | | | 51 | | Brazilian Subsidiaries (1) | | US Dollar | | Fixed | | 4.87% | | October 2026 - June 2027 | | 336 | | | 332 | | Brazilian Subsidiaries (1) | | Euros | | Fixed | | 3.75% | | November 2026 - February 2027 | | 180 | | | 154 | | | Brazilian Subsidiary | | Brazilian Reais | | Variable | | TJLP + 0.80% | | July 2026 - May 2031 | | 19 | | | 20 | | | Mexican Subsidiaries | | Mexican Pesos | | Variable | | TIIE + 1.55% - 2.60% | | July 2026 - March 2030 | | 832 | | | 636 | | | Mexican Subsidiary | | Mexican Pesos | | Variable | | TIIEF + 1.20% | | July 2026 - March 2027 | | 86 | | | — | | | Uruguayan Subsidiary | | Uruguayan Pesos | | Fixed | | 5.84% | | July 2026 - February 2027 | | 93 | | | 97 | | | Argentine Subsidiary | | Argentine Pesos | | Fixed | | 20.70% | | July 2026 - June 2027 | | 68 | | | — | | | | | | | | | | | | | | | | Bank overdrafts | | | | | | | | | | | | | | Uruguayan Subsidiary | | | | | | | | | | — | | | 6 | | | Chilean Subsidiary | | Chilean Pesos | | Variable | | TIB + 0.9% | | July 2026 | | 10 | | | 10 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Secured lines of credit: | | | | | | | | | | | | | Argentine Subsidiaries (2) | | Argentine Pesos | | Fixed | | 23.92% | | July 2026 | | 149 | | | 100 | | | Mexican Subsidiary | | Mexican Pesos | | Fixed | | 11.41% | | July 2026 - July 2027 | | 8 | | | 8 | | | Brazilian Subsidiary | | Euros | | Fixed | | 3.26% | | December 2026 | | 130 | | | 132 | | | | | | | | | | | | | | | | Financial Bills and Deposit Certificates: | | | | | | | | | | | | | | Brazilian Subsidiary | | Brazilian Reais | | Variable | | CDI + 0.22% - 0.68% | | July 2026 - October 2029 | | 1,214 | | | 894 | | | Brazilian Subsidiary | | Brazilian Reais | | Variable | | 95.5% to 120.0% of CDI | | July 2026 - June 2029 | | 1,447 | | | 1,366 | | | Brazilian Subsidiary | | Brazilian Reais | | Fixed | | 13.00% - 15.28% | | July 2026 - July 2029 | | 25 | | | 22 | | | | | | | | | | | | | | | | Commercial Notes: | | | | | | | | | | | | | | Brazilian Subsidiary | | Brazilian Reais | | Variable | | DI + 0.88% | | July 2026 - August 2027 | | 74 | | | 69 | | | Brazilian Subsidiary | | Brazilian Reais | | Variable | | IPCA + 6.41% | | July 2026 - August 2029 | | 155 | | | 136 | | | Argentine Subsidiary | | Argentine Pesos | | Variable | | TAMAR + 2.50% -3.50% | | July 2026 - May 2027 | | 138 | | | 38 | | | Argentine Subsidiary | | US Dollar | | — | | — | | September 2026 | | 44 | | | 98 | | | | | | | | | | | | | | | | Finance lease liabilities | | | | | | | | | | 115 | | | 130 | | | Collateralized debt | | | | | | | | | | 3,587 | | | 2,852 | | | 2026 Sustainability Notes | | | | | | | | | | — | | | 367 | | | 2031 Notes | | US Dollar | | Fixed | | 3.125% | | July 2026 - January 2031 | | 541 | | | 541 | | | 2033 Notes | | US Dollar | | Fixed | | 4.900% | | July 2026 - January 2033 | | 755 | | | 735 | | | Promissory Notes | | Argentine Pesos | | Fixed | | 25.20% | | July - September 2026 | | 251 | | | 127 | | | Other lines of credit | | | | | | | | | | 34 | | | 26 | | | | | | | | | | | | $ | 10,626 | | | $ | 9,193 | |
(1) The carrying amount includes the effect of the derivative instruments that qualified for fair value hedge accounting. See Note 13 – Derivative instruments for further detail. (2) As of June 30, 2026, includes $24 million secured by a compensating balance agreement signed by MercadoLibre S.R.L.
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