ATTO Stock Price, News & Analysis

On February 10, 2021, Atento S.A. (NYSE: ATTO) announced the closure of a $500 million private offering of 8.000% Senior Secured Notes due in 2026. The issuance, managed by its subsidiary Atento Luxco 1, aims to refinance existing 6.125% Senior Secured Notes due in 2022. The company confirmed the security of the new notes with guarantees from certain subsidiaries and a lien on the capital stock. The offering is restricted to qualified institutional buyers under Rule 144A, ensuring compliance with U.S. securities regulations.

Atento S.A. (NYSE: ATTO) has priced a private offering of senior secured notes totaling $500 million, maturing in 2026, with interest at 8.000%. The offering aims to refinance existing notes due in 2022. Expected to close on February 10, 2021, the notes will be guaranteed by Atento's subsidiaries. The offering will be made to qualified institutional buyers and is exempt from U.S. registration requirements. Atento is a leading CRM BPO firm in Latin America, servicing over 400 clients across various industries.

Atento S.A. (NYSE: ATTO) has launched a cash tender offer to refinance $500 million of its 6.125% Senior Secured Notes due 2022. This offer is made through its subsidiary, Atento Luxco 1, and is paired with a proposed new secured notes offering to raise funds for this refinancing. The cash payment for accepted notes will be $1,015.31 per $1,000 of Notes. The tender offer expires on March 2, 2021, with an early tender deadline of February 16, 2021. The company will pay accrued interest for the Notes accepted for purchase, emphasizing its financial strategy amidst evolving market conditions.

Atento S.A. (NYSE: ATTO), the largest CRM and BPO service provider in Latin America, has announced a proposed private offering of senior secured notes via its subsidiary, Atento Luxco 1. The offering aims to refinance the existing 6.125% Senior Secured Notes due 2022. The net proceeds will be allocated to this refinancing. The Notes will be secured by a first-priority lien on the capital stock of the Issuer and certain subsidiaries, with specific extensions related to COVID-19 related governmental restrictions. Current financial conditions and market disruptions due to the pandemic may influence the company’s performance.

On December 1, 2020, Atento S.A. (NYSE: ATTO), the largest CRM and BPO provider in Latin America, announced the launch of two innovative programs from its Innovation Hub. The Atento Next startup accelerator, in partnership with Liga Ventures, seeks startups focused on disruptive technologies to enhance Customer Experience (CX). An open innovation platform engaging 500 employees generated 38 ideas in its first 15 days. Atento's CEO highlighted that over 10% of 2020's sales stemmed from new services developed by the Innovation Hub, reinforcing their commitment to CX leadership.

Atento S.A. (NYSE: ATTO) reported its Q3 2020 results, showing a revenue growth of 2.2% YoY to $352.7 million, with a sequential increase of 10.5%. The company's EBITDA rose 13.9% YoY to $44.8 million, with margins expanding to 12.7%. Notably, Multisector revenue contributed significantly, accounting for 68% of total revenue. Despite operational challenges, including an 11.9% drop in Telefónica sales, net debt decreased 9.0% YoY, indicating improved financial health. Atento maintains a strong cash position of $196.6 million.

Atento S.A. (NYSE: ATTO) has been recognized as the leading provider in Latin America's customer experience outsourcing (CX) market, holding a significant 15.2% market share in 2019. The company reported a growth rate of 2.6%, outperforming the market's 0.5% growth, with Brazil being its primary operational hub. Despite challenges posed by the COVID-19 pandemic, Atento aims to leverage digital trends and advanced technologies for ongoing growth and innovation in the region.

Atento S.A. (NYSE: ATTO), a leading provider of CRM and BPO solutions, will release its fiscal Q3 2020 financial results on November 11, 2020, after market close. A conference call to discuss the results will be held on November 12, 2020, at 10:00 a.m. ET. Atento operates in 13 countries, employing 150,000 people and serving over 400 clients, primarily in telecommunications, finance, health, and retail. The company is recognized as one of the top multinational workplaces globally and has received ISO 56002 certification in Innovation Management.