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NOTE: these ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency.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