Fixed Income

Financial Strategy and Debt Facilities

Atento’s financial strategy is based on the following principles:

Credit Ratings

Atento Luxco 1 S.A.

Long-term Outlook Date of last review
Moody’s Ba3 Negative 04.15.2020
Fitch B+ Negative 04.09.2020

Atento Brasil S.A

National Rating Perspective
Fitch AA (bra) Stable

NOTE: these ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency.

Net Financial Debt

On September 30, 2019 On September 30, 2020
Cash and cash equivalents 105.5 196.6
Debt:
Senior Secured Notes 493.5 497.0
Super Senior Credit Facility 50.1
BNDES 1.2 0.6
Lease Liabilities (3) 148.2 129.3
Other Borrowings 27.5 33.9
Total Debt 670.4 710.8
Net Debt with third parties (unaudited) 564.9 514.2
EBITDA LTM (non-GAAP) (unaudited) 171.7 128.5
Net Debt/Adjusted EBITDA LTM (non-GAAP) (unaudited) 3.3X 4.0X

NOTE: For further information, please access Atento S.A. FORM F-1 REGISTRATION STATEMENT