Atento Announces Intention to Offer Senior Secured Notes
Atento today announced that its wholly-owned subsidiary, Atento Luxco 1 S.A. (the “Issuer”), intends, subject to market and other customary conditions, to offer Senior Secured Notes due 2022 (the “Notes”) in a private offering.
The notes will be guaranteed on a senior secured basis by certain of its wholly-owned subsidiaries. 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 and each of the guarantors within 120 days following the Issue Date.
Atento intends to use the net proceeds from the offering of the Notes to redeem all of the Issuer’s outstanding 7.375% Senior Secured Notes due 2020 and all of the existing debentures due 2019 of its subsidiary Atento Brasil and for general corporate purposes.