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Atento S.A. - ATTO STOCK NEWS

Welcome to our dedicated news page for Atento S.A. (Ticker: ATTO), a resource for investors and traders seeking the latest updates and insights on Atento S.A..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Atento S.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Atento S.A.'s position in the market.

Rhea-AI Summary
Atento Luxco 1 (Atento) has successfully completed its financial restructuring through a UK restructuring plan. The Company received additional commitments of $76 million through the Exit Financing process, increasing the total investment to $113 million. The Restructuring Plan has converted the majority of its debt into equity, resulting in an expected FY24 net leverage ratio of 0.8x EBITDA. Atento's new business strategy focuses on revenue diversification, operational excellence, and technology implementation to drive growth and transformation.
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Atento S.A. has appointed Álvaro Badiola Guerra as its new Chief Financial Officer (CFO), effective October 30, 2023. Badiola will focus on strengthening the company's financial strategy and implementing the post-restructuring business plan. Atento secured commitment for 100% of its exit financing in early October, guaranteeing additional liquidity for future investments.
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Atento receives $17 million in tranche 2 funding, upsized by $7 million, bringing total committed interim funding to $37 million. The funding provides enhanced liquidity and financial runway for Atento's restructuring plan, expected to drive the company to a net debt leverage ratio of approximately 1.0x or lower.
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Atento S.A. (NYSE: ATTO) announced that the New York Stock Exchange (NYSE) has initiated proceedings to delist Atento's ordinary shares due to falling below the average market capitalization of $15 million over a 30 trading-day period. Atento's ordinary shares will be quoted on the over-the-counter (OTC) market with the ticker symbol 'ATTO'. The delisting is part of a comprehensive financial restructuring plan to optimize financial and operational efficiency and drive long-term growth, aiming to significantly deleverage Atento's balance sheet.
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Atento enters into a restructuring support agreement with key financial stakeholders to achieve balance sheet restructuring. The agreement involves changes to the capital structure, including new financing, exchange of notes, and new investments. Atento continues to work with other stakeholders for support and aims to complete the restructuring by December 2023.
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Atento S.A.

NYSE:ATTO

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ATTO Stock Data

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About ATTO

atento is the largest provider of customer relationship management and business process outsourcing (crm bpo) services in latin america, and among the top five providers worldwide, based on revenues. atento is also a leading provider of nearshoring crm/bpo services to companies that carry out their activities in the united states. since 1999, the company has developed its business model in 13 countries where it employs 150,000 people. atento has over 400 clients to whom it offers a wide range of crm/bpo services through multiple channels. atento's clients are mostly leading multinational corporations in sectors such as telecommunications, banking and financial services, health, retail and public administrations, among others. atento´s shares trade under the symbol atto on the new york stock exchange (nyse). in 2016, atento was named one of the world´s 25 best multinational workplaces by great place to work® for a fourth consecutive year. for more information visit www.atento.com