Atento S.A.’s $100 Million Senior Notes Reopening


Davis Polk advised the initial purchasers in connection with a reopening by Atento Luxco 1 S.A. of $100 million aggregate principal amount of its 6.125% senior secured 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, Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, and Santander Investment Securities Inc. acted as initial purchaser in the deal.

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.

The Davis Polk corporate team included Manuel Garciadiaz, Lourenco Lopes-Sabino and Richard Corbett. The credit team included Sanders Witkow. The tax team included Mario J. Verdolini (Picture) and M. Jared Sanders.

Involved fees earner: Richard Corbett – Davis Polk & Wardwell; Manuel Garciadiaz – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Jared Sanders – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Sanders Witkow – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Goldman Sachs & Co.; Itaú BBA USA Securities; Morgan Stanley; Santander Investment Securities Inc.;

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Author: Ambrogio Visconti