NEW YORK, Feb. 10, 2021 /PRNewswire/ -- 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
closed its previously announced private offering of $500 million in aggregate principal amount of
8.000% Senior Secured Notes due 2026 (the "Notes"). The Company
also today announced the satisfaction of the financing condition to
the Issuer's offer to purchase dated February 2, 2021, to the Issuer's any and all
cash tender offer to refinance its outstanding 6.125% Senior
Secured Notes due 2022 (the "Existing Notes"). The Issuer intends
to use the net proceeds from the offering of the Notes, together
with cash on hand, to refinance the Issuer's Existing Notes.
As previously announced, the Notes will be guaranteed on a
senior secured basis by certain of Atento's wholly-owned
subsidiaries within 45 business days following the issue date of
the Notes subject to an extension for delays caused by governmental
restrictions imposed as a consequence of the COVID-19 pandemic. The
Notes and the guarantees will be secured, subject to permitted
liens and other limitations, by a first-priority lien on the
capital stock of the Issuer, each of the guarantors and Atento
Argentina S.A. within 120 days following the issue date of the
Notes subject to an extension for delays caused by governmental
restrictions imposed as a consequence of the COVID-19 pandemic.
The Notes and related guarantees are being offered only to
"qualified institutional buyers" in reliance of Rule 144A under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), or
outside of the United States, to
persons other than "U.S. persons" in compliance with Regulation S
under the Securities Act. The Notes and the related guarantees have
not been and will not be registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or
sold in the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act.
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. Any offer of the Notes will be made
only by means of a private offering circular.
About Atento
Atento is the largest provider of customer relationship
management and business process outsourcing ("CRM BPO") services in
Latin America, and among the top
five providers globally, based on revenue. Atento is also a leading
provider of nearshoring CRM BPO services to companies that carry
out their activities in the United
States. Since 1999, the company has developed its business
model in 13 countries where it employs approximately 137,000
people. Atento has over 400 clients to whom it offers a wide range
of CRM BPO services through multiple channels. Atento's clients are
mostly leading multinational corporations in sectors such as
telecommunications, banking and financial services, health, retail
and public administrations, among others. Atento's shares trade
under the symbol ATTO on the New York Stock Exchange (NYSE). In
2019, Atento was named one of the World's 25 Best Multinational
Workplaces and one of the Best Multinationals to Work for in
Latin America by Great Place to
Work®. Atento is also the world's first CRM company to be ISO 56002
certified in Innovation Management. For more information
visit www.atento.com
Investor
Relations
Shay Chor
+55 11
3293-5926
shay.chor@atento.com
|
Investor
Relations
Fernando
Schneider
+ 55 11
3779-8119
fernando.schneider@atento.com
|
Media
Relations
Pablo Sánchez
Pérez
+34
670031347
pablo.sanchez@atento.com
|
Forward-Looking Statements
This press release
contains forward-looking statements. Forward-looking statements can
be identified by the use of words such as "may," "should,"
"expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "intends," "continue" or similar terminology. These
statements reflect only Atento's current expectations and are not
guarantees of future performance or results. These statements
are subject to risks and uncertainties that could cause actual
results to differ materially from those contained in the
forward-looking statements. In particular, the COVID-19 pandemic,
and governments' extraordinary measures to limit the spread of the
virus, are disrupting the global economy and Atento's industry, and
consequently adversely affecting the Company's business, results of
operation and cash flows and, as conditions are recent, uncertain
and changing rapidly, it is difficult to predict the full extent of
the impact that the pandemic will have. Risks and uncertainties
include, but are not limited to, competition in Atento's highly
competitive industries; increases in the cost of voice and data
services or significant interruptions in these services; Atento's
ability to keep pace with its clients' needs for rapid
technological change and systems availability; the continued
deployment and adoption of emerging technologies; the loss,
financial difficulties or bankruptcy of any key clients; the
effects of global economic trends on the businesses of Atento's
clients; the non-exclusive nature of Atento's client contracts and
the absence of revenue commitments; security and privacy breaches
of the systems Atento uses to protect personal data; the cost of
pending and future litigation; the cost of defending Atento against
intellectual property infringement claims; extensive regulation
affecting many of Atento's businesses; Atento's ability to protect
its proprietary information or technology; service interruptions to
Atento's data and operation centers; Atento's ability to retain key
personnel and attract a sufficient number of qualified employees;
increases in labor costs and turnover rates; the political,
economic and other conditions in the countries where Atento
operates; changes in foreign exchange rates; Atento's ability to
complete future acquisitions and integrate or achieve the
objectives of its recent and future acquisitions; future
impairments of our substantial goodwill, intangible assets, or
other long-lived assets; and Atento's ability to recover consumer
receivables on behalf of its clients. In addition, Atento is
subject to risks related to its level of indebtedness. Such risks
include Atento's ability to generate sufficient cash to service its
indebtedness and fund its other liquidity needs; Atento's ability
to comply with covenants contained in its debt instruments; the
ability to obtain additional financing; the incurrence of
significant additional indebtedness by Atento and its subsidiaries;
and the ability of Atento's lenders to fulfill their lending
commitments. Atento is also subject to other risk factors described
in documents filed by the company with the U.S. Securities and
Exchange Commission.
These forward-looking statements speak only as of the date on
which the statements were made. Atento undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
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SOURCE Atento S.A.