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NOTE: these ratings are only an opinion about the Company solvency and may be revised, suspended or withdrawn at any time by the respective rating agency.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

As of December 31, As of March 31,
2018 2019 2019 2020
(unaudited)
Cash and cash equivalents 133.5 124.7 77.9 162.8
Debt:
Senior Secured Notes 400.0 501.9 394.5 495.3
Brazilian Debentures 14.7 15.0 0.0
BNDES: 24.0 1.2 19.0 0.8
Finance lease payables 5.5 194.8 179.9 146.1
Contingent Value Instrument
Other borrowings 15.5 22.8 34.8 35.03
Total Debt 459.8 720.6 643.2 727.1
Net Debt with third parties (unaudited) 326.2 595.9 565.2 564.3
Adjusted EBITDA LTM (non-GAAP) (unaudited) 184.8 153.4 177.0 152.2
Net Debt/Adjusted EBITDA LTM (non-GAAP) (unaudited) 1.8x 3.9x 3.2x 3.7x

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

Investor Contact

Shay Chor

+55 11 3293 5926

Fernando Schneider

+55 11 3779 8119

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