Atento SA’s US$500 Million Senior Secured Notes Offering

Atento SA's US$500 Million Senior Secured Notes Offering

Sidley Austin, Marval O’Farrell Mairal, Cescon, Barrieu, Flesch & Barreto, Gonzalez Calvillo, Brigard Urrutia, Carey and Berninzon & Benavides advised Atento SA on the deal. Davis Polk & Wardwell and Machado Meyer advised the dealer managers and Baker & McKenzie advised Wilmington Trust acting as fiduciary agent on the transaction.

Atento SA announced the offering of US$500 million 8% Senior Secured Notes due 2026 by its subsidiary, Atento Luxco 1. The offering closed on February 10, 2021. 

Atento SA is a provider of customer relationship management and business process outsourcing (“CRM BPO”) services in Latin America and Spain. The Company offers a wide range of CRM BPO services across multiple channels to clients in multiple sectors such as telecommunications, banking and financial services, media and technology, health, retail and public administration.

The Sidley team was led by Capital Markets partner Alan Grinceri (Picture) and associate Dominic Nelson, with assistance from Lillian Bond, Gmeleen Tomboc and Klara Thamrin (Capital Markets), Bryan Robson, William Gwyn, D.J. Hill, and Iram Tariq (Global Finance), Suresh Advani and Andrei Pinchuk (Tax), and Eric Backman (Project Finance and Infrastructure).

In Argentina, Marval O’Farrell Mairal advised Atento with Hernán Slemenson.

In Brazil, Cescon, Barrieu, Flesch & Barreto advised Atento with Daniel Laudisio and Dimitrios Constantinos Constantelos.

In Perù, Berninzon & Benavides advised Atento with Eduardo Benavides, Carlos Ratti, Andrea Vergara and Kattia Trujillo.

In Mexico, Gonzalez Calvillo advised Atento with Juan Manuel Sancho Rodrigo, Alberto Bustamante, Francisco Javier Álvarez Campos and José María Castro Farrés. 

In Colombia, Brigard Urrutia advised Atento with Carlos Fradique Méndez, Luis Gabriel Morcillo, Viviana Araújo Angulo and Martín Peña Cuéllar.

Carey advised Atento in Chile with a team including Francisco Ugarte, Alejandra Daroch, Domingo Russi and Natalia Reinicke.

Davis Polk & Wardwell advised Banco BTG Pactual S.A. – Cayman Branch; Goldman Sachs & Co. LLC; Itau BBA USA Securities, Inc.; Morgan Stanley & Co. LLC;  BCP Securities, LLC; XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and Barrington Research Associates, Inc. with Mario J. Verdolini, Drew Glover, Kendra Simpson, Manuel Garciadiaz, James Vickers, Lourenco Lopes-Sabino.

In Brazil, Machado Meyer advised Banco BTG Pactual S.A. – Cayman Branch; Goldman Sachs & Co. LLC; Itau BBA USA Securities, Inc.; Morgan Stanley & Co. LLC;  BCP Securities, LLC; XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and Barrington Research Associates, Inc. with Eduardo Castro, Karina Tiaki Momose and Marcus Vinicius Villa Bretherick.

Baker & McKenzie advised Wilmington Trust on the transaction.

Involved fees earner: Eduardo Benavides – Berninzon & Benavides ; Carlos Ratti – Berninzon & Benavides ; Kattia Trujillo – Berninzon & Benavides ; Andrea Vergara – Berninzon & Benavides ; Viviana Araújo Angulo – Brigard & Urrutia; Carlos Fradique Méndez – Brigard & Urrutia; Luis Gabriel Morcillo – Brigard & Urrutia; Martín Peña Cuéllar – Brigard & Urrutia; Alejandra Daroch – Carey; Natalia Reinicke – Carey; Domingo Russi – Carey; Francisco Ugarte – Carey; Dimitrios Constantinos Constantelos – Cescon, Barrieu, Flesch & Barreto; Daniel Laudisio – Cescon, Barrieu, Flesch & Barreto; Manuel Garciadiaz – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Kendra Simpson – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; James Vickers – Davis Polk & Wardwell; Francisco Javier Alvarez Campos – Gonzalez Calvillo Abogados; Alberto Bustamante – Gonzalez Calvillo Abogados; José María Castro Farrés – Gonzalez Calvillo Abogados; Juan Manuel Sancho Rodrigo – Gonzalez Calvillo Abogados; Eduardo Castro – Machado Meyer Advogados; Karina Tiaki Momose – Machado Meyer Advogados; Marcus Vinícius Villa Bretherick – Machado Meyer Advogados; Hernán Slemenson – Marval, O’Farrell & Mairal; Suresh Advani – Sidley Austin LLP; Eric Backman – Sidley Austin LLP; Lillian Bond – Sidley Austin LLP; Alan Grinceri – Sidley Austin LLP; William Gwyn – Sidley Austin LLP; D.J. Hill – Sidley Austin LLP; Dominic Nelson – Sidley Austin LLP; Andrei Pinchuk – Sidley Austin LLP; Bryan Robson – Sidley Austin LLP; Iram Tariq – Sidley Austin LLP; Klara Thamrin – Sidley Austin LLP; Gmeleen Tomboc – Sidley Austin LLP;

Law Firms: Berninzon & Benavides ; Brigard & Urrutia; Carey; Cescon, Barrieu, Flesch & Barreto; Davis Polk & Wardwell; Gonzalez Calvillo Abogados; Machado Meyer Advogados; Marval, O’Farrell & Mairal; Sidley Austin LLP;

Clients: Atento S.A. ; Banco BTG Pactual S.A. – Cayman Branch; Barrington Research Associates; BCP Securities; Itaú BBA USA Securities; Morgan Stanley; XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.;

Giulia Di Palma

Author: Giulia Di Palma