Financial Strategy and Debt Facilities
Atento’s financial strategy is based on the following principles:
- Liquidity risk managed by maintaining a disciplined maturity profile in line with cash flow generation
- Financial Flexibility and Cost efficiency
- Debt denominated in local currency or hedged through derivatives when denominated in foreign currency
- Diversification of financing sources
Credit Ratings
Atento Luxco 1 S.A.
| Long-term | Outlook | Date of last review | |
|---|---|---|---|
| Moody’s | Ba3 | Stable | 02.02.2021 |
| Fitch | B+ | Negative | 02.02.2021 |
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NOTE: these ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency.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 December 31, 2020 | On December 31, 2019 | |
|---|---|---|
| Cash and cash equivalents | 209.0 | 124.7 |
| Debt: | ||
| Senior Secured Notes | 505.6 | 501.9 |
| Super Senior Credit Facility | 30.0 | – |
| BNDES | 0.6 | 1.2 |
| Lease Liabilities (3) | 151.5 | 194.8 |
| Other Borrowings | 38.9 | 22.8 |
| Total Debt | 726.6 | 720.6 |
| Net Debt with third parties (unaudited) | 517.6 | 595.9 |
| EBITDA LTM (non-GAAP) (unaudited) | 161.2 | 153.4 |
| Net Debt/Adjusted EBITDA LTM (non-GAAP) (unaudited) | 3.2X | 3.9X |
NOTE: For further information, please access Atento S.A. FORM F-1 REGISTRATION STATEMENT