Atento Luxco 1 S.A. $400 Million Notes Offering and $50 Million Super Senior Revolving Credit Facility


Kirkland & Ellis, Carey and Davis Polk & Wardwell advised on the transaction

Atento Luxco 1 S.A. finalized the $400 million offering of 6.125% senior notes due 2022, which were issued pursuant to Rule 144A and Regulation S under the Securities Act.

The notes are unconditionally and irrevocably guaranteed by Atento S.A., the parent company of Atento Luxco 1 S.A., and certain of its subsidiaries.

Goldman Sachs & Co. LLC, BBVA Securities Inc., Morgan Stanley & Co. LLC and Santander Investment Securities Inc. acted as initial purchasers.

Atento S.A. is one of the largest providers of customer relationship management and business process outsourcing solutions in Latin America and among the top five providers worldwide. Atento S.A. is also a provider of nearshoring CRM/BPO services to companies that carry out their activities in the United States.

Kirkland & Ellis advised Atento S.A. with Brian Hecht, Marishka DeToy, Peter Seligson, Tracy Ke and Kirstin Beharry.

In Chile, Carey advised Atento S.A. with Francisco Ugarte, Jorge Ugarte, Luciano Aguilera and Héctor Juan Hernández.

Davis Polk advised the initial purchasers and the administrative agent, arrangers and lenders in connection with Atento Luxco 1 S.A.’s $50 million multi-currency super senior revolving credit facility, with a team including Manuel Garciadiaz (Picture), Elliot M. de Carvalho and Lourenço Lopes-Sabino. The credit team included James A. Florack, Nick Benham, Anne Cathrine Ingerslev, Sanders Witkow, P. Cecilia Liu, Tanya Leykekhman and Doug Howell.

Involved fees earner: Francisco Ugarte – Carey; Jorge Ugarte – Carey; Luciano Aguilera – Carey; Héctor Juan Hernández – Carey; Manuel Garciadiaz – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; James Florack – Davis Polk & Wardwell; Nick Benham – Davis Polk & Wardwell; Anne Cathrine Ingerslev – Davis Polk & Wardwell; Sanders Witkow – Davis Polk & Wardwell; Cecilia Liu – Davis Polk & Wardwell; Tanya Leykekhman – Davis Polk & Wardwell; Doug Howell – Davis Polk & Wardwell; Brian Hecht – Kirkland & Ellis; Peter Seligson – Kirkland & Ellis; Tracy Ke – Kirkland & Ellis; Kristin Beharry – Kirkland & Ellis;

Law Firms: Carey; Davis Polk & Wardwell; Kirkland & Ellis;

Clients: Goldman, Sachs & Co.; Banco Bilbao Vizcaya Argentaria (Bbva); Santander Securities ; Atento S.A. ;

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Author: Ambrogio Visconti