- Kyma Capital, MCI affiliate, and other key investors have
provided new financing to support Atento
- Atento engaged Houlihan Lokey
as financial advisor to assist with the fundraising
- Atento continues to work to add additional investors to the
new financing as part of the Company's long-term goals
- This significant fundraising strengthens Atento´s balance
sheet and liquidity
NEW
YORK, Feb. 3, 2023 /PRNewswire/ -- Atento
S.A. (NYSE: ATTO, "Atento" or the "Company"), one of the largest
providers worldwide and a leading company in customer relationship
services and business process outsourcing (CRM / BPO), confirms
today that it has secured its previously announced financing
program. The additional capital raised will further strengthen
Atento's balance sheet and liquidity position as management focuses
on transforming the business.
Atento engaged Houlihan Lokey as
financial advisor to assist in this round of fundraising. As stated
in the Q3 earnings call, Atento has evaluated different financial
alternatives from current investors and other institutions to
enhance its liquidity position. Atento will continue to work to add
additional investors as part of the long-term financing goals.
Atento remains focused on driving shareholder value with
significant initiatives directed at both revenue growth and
operational optimization. Atento continues working to solidify its
financial position while transforming and elevating Atento´s next
generation customer experience. This fundraise fortifies its
commitment to their +400 blue chip clients and operations in 16
countries delivering best-in-class customer experience
services.
The fourth quarter has continued the positive trend by
generating strong EBITDA margin growth, delivering the cash balance
to close at US$ 84 million on
December 31, 2022.
Atento continues to benefit from its unique leadership position
in the Latin American region with a renewed sales focus on
near-shore Spanish support, while also remaining on track to open
its first offshore operation in the
Philippines with marquee clients.
About Atento
Atento is the largest provider of customer relationship
management and business process outsourcing ("CRM BPO") services in
Latin America, and among the top
providers globally. 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 16
countries where it employs approximately 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 industries 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
2019, Atento was named one of the World's 25 Best Multinational
Workplaces and one of the Best Multinationals to Work for in
Latin America by Great Place to
Work®. Also, in 2021 Everest named Atento as a "star
performer". Gartner named the company as a leader for two years in
a row, since 2021 in the Gartner Magic Quadrant. For more
information visit www.atento.com
Media Relations
press@atento.com // pablo.sanchez@atento.com
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements can be identified by the use of words
such as "may," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "intends," "continue" or
similar terminology. In particular, these forward-looking
statements include those about the effects on Atento and its growth
of changes to it´s executive officers and Board of Directors. These
statements reflect only Atento's current expectations and are not
guarantees of future performance or results. These statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those contained in the forward-looking
statements. Risks and uncertainties include, but are not limited
to, competition in Atento's highly competitive industries;
increases in the cost of voice and data services or significant
interruptions in these services; Atento's ability to keep pace with
its clients' needs for rapid technological change and systems
availability; the continued deployment and adoption of emerging
technologies; the loss, financial difficulties or bankruptcy of any
key clients; the effects of global economic trends on the
businesses of Atento's clients; the non-exclusive nature of
Atento's client contracts and the absence of revenue commitments;
security and privacy breaches of the systems Atento uses to protect
personal data; the cost of pending and future litigation; the cost
of defending Atento against intellectual property infringement
claims; extensive regulation affecting many of Atento's businesses;
Atento's ability to protect its proprietary information or
technology; service interruptions to Atento's data and operation
centers; Atento's ability to retain key personnel and attract a
sufficient number of qualified employees; increases in labor costs
and turnover rates; the political, economic and other conditions in
the countries where Atento operates; changes in foreign exchange
rates; Atento's ability to complete future acquisitions and
integrate or achieve the objectives of its recent and future
acquisitions; future impairments of our substantial goodwill,
intangible assets, or other long-lived assets; and Atento's ability
to recover consumer receivables on behalf of its clients. Atento is
also subject to other risk factors described in documents filed by
the company with the United States Securities and Exchange
Commission. These forward-looking statements speak only as of the
date on which the statements were made. Atento undertakes no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE Atento S.A.