Atento Announces Termination of Previously Announced Tender Offer for Outstanding Notes

NNEW YORK, October 2, 2020 – Atento S.A. (NYSE: ATTO) (“Atento” or the “Company”), the largest provider of customer relationship management and business-process outsourcing services in Latin America, and among the top five providers globally based on revenue, announces that its wholly owned subsidiary, Atento Luxco 1 (the “Issuer”), has terminated its previously announced tender offer (the “Tender Offer”) to purchase any and all of the Issuer’s outstanding 6.125% Senior Secured Notes due 2022 (the “Notes”).

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the offer to purchase dated September 18, 2020 (the “Offer to Purchase”).

The Issuer hereby announces that it has exercised its discretion to terminate the Tender Offer in accordance with the terms and conditions set out in the Offer to Purchase. Due to market conditions, the Issuer has decided to postpone the previously announced offering of new secured notes, the net proceeds of which the Issuer intended to use, together with cash on hand, to finance the Tender Offer. Accordingly, the Issuer has decided not to proceed at this time with the Tender Offer. As at the time of this announcement, the Financing Condition has not been satisfied. The termination of the Tender Offer is unconditional and takes immediate effect.

All Notes tendered pursuant to the Tender Offer will not be purchased. All instructions in respect of tendered Notes will be deemed to be revoked automatically and all Notes previously tendered and not withdrawn will be promptly returned to their respective Holders.

The Issuer thanks Holders for their engagement in the process to-date and will review its options once market conditions stabilize.

Information Relating to the Tender Offer 

TThe Issuer retained Banco BTG Pactual S.A.–Cayman Branch, Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, BB Securities Limited and BCP Securities, LLC to serve as dealer managers for the tender offer. Ipreo LLC was retained to serve as the information agent and the tender agent for the tender offer.

Questions regarding the tender offer may be directed to: (i) Atento at the details in the table below, (ii) Banco BTG Pactual S.A.–Cayman Branch at +1 (212) 293-4600 (Collect), (iii) Itau BBA USA Securities, Inc. at +1 (212) 710-6749 (Collect), (iv) Morgan Stanley & Co. LLC at +1 (800) 624-1808 (U.S. Toll Free) or +1 (212) 761-1057 (Collect), (v) BB Securities Limited at +44 207 367 5800 or (vi) BCP Securities, LLC at +1 (203) 629-2186.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell the Notes or any other securities.

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