Latin America-focused Atento postpones senior secured notes offering

By Rebecca Melvin

New York, Oct. 2 – Atento SA announced that wholly owned subsidiary Atento Luxco 1 has decided to postpone its proposed private offering of senior secured notes due to unfavorable market conditions.

The company also postponed a concurrent cash tender offer for any and all of its 6 1/8% senior secured notes due 2022.

The issuer had intended to use proceeds from the new Rule 144A and Regulation S notes deal, together with cash on hand, to finance the tender, according to a company news release.

The company had selected Banco BTG Pactual SA-Cayman Branch, Itau BBA USA Securities Inc., Morgan Stanley, & Co. LLC, BB Securities Ltd., and BCP Securities LLC as dealer managers of the tender offer, and Ipreo LLC as information agent and tender agent for the offer.

Atento said it will review its options once market conditions stabilize.

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

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