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NOTE: these ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency.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 March 31, 2020 | On March 31, 2021 | |
|---|---|---|
| Cash and cash equivalents | 162.8 | 176.1 |
| Debt: | ||
| Senior Secured Notes | 495.3 | 493.6 |
| Super Senior Credit Facility | 50.0 | 30.0 |
| BNDES | 0.8 | 0.5 |
| Lease Liabilities (3) | 146.1 | 140.3 |
| Other Borrowings | 35.0 | 37.2 |
| Total Debt | 727.1 | 701.5 |
| Net Debt with third parties (unaudited) | 564.4 | 525.4 |
| EBITDA LTM (non-GAAP) (unaudited) | 152.2 | 159.5 |
| Net Debt/Adjusted EBITDA LTM (non-GAAP) (unaudited) | 3.7X | 3.3X |
NOTE: For further information, please access Atento S.A. FORM F-1 REGISTRATION STATEMENT