Atento Successfully Completes Its Debt Refinancing

  • New $500M 5NC3 SSN matures in February 2026, extending average debt life to 4.5 years
  • Net proceeds used to fully redeem the 2022 notes
  • Company to remain focused on improving capital structure to unlock value to shareholders

NEW YORK, February 23, 2021 – 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, today announced that its wholly owned subsidiary, Atento Luxco 1 (the “Issuer”), has completed the refinancing of its remaining 6.125% Senior Secured Notes due 2022 (the “Existing Notes”). As previously announced, the Issuer has closed a private offering of senior secured notes in an aggregate principal amount of $500 million due 2026 (the “Notes”). The net proceeds from the offering of the Notes, combined with cash in hand, were used to fully redeem the Company’s outstanding Existing Notes. The Notes mature on February 10, 2026 and will pay interest at a rate of 8.0% per annum. With this transaction, the Company´s average debt life increased from 1.5 years to 4.5 years.

Click here to access the full document.