Atento, noteholders in talks to explore alternatives

Chicago, June 6 – Atento SA is engaged in discussions with holders of more than 70% of the company’s $500 million senior secured notes issued by Atento Luxco 1 and more than 75% of the $39.6 million senior secured notes due 2025 from the same issuer, according to a 6-K filing with the Securities and Exchange Commission.

The company is also working with counterparties to its cross-currency swap agreements.

Atento is exploring ways to provide additional capital and optimize its balance sheet. Namely, the company is looking at a contemplated recapitalization that would significantly delever its balance sheet.

Houlihan Lokey and FTI Consulting have been engaged as financial advisers. Sidley Austin is the legal adviser.

The ad hoc group of investors is represented by Rothschild & Co. as financial adviser and Hogan Lovells as legal adviser.

Luxembourg-based Atento is a provider of customer relationship management and business process outsourcing services in Latin America.

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