Atento Offers Senior Secured Notes

Atento, a provider of business support services said pre-market Friday that its unit Atento Luxco 1 has closed its previously announced private offering of $400 million in aggregate principal amount of 6.125% senior secured notes due 2022. Also on Friday, Atento said it has entered into a new super senior revolving credit facility which will provide for aggregate borrowings of up to $50 million and mature on the date falling four and a half years after today’s date.

Atento will use the net proceeds from the offering of the notes, together with cash on hand, 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. The notes are guaranteed on a senior secured basis by certain of Atento’s units.

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