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NOTE: these ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency.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