- Kyma Capital, MCI 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 130,000 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.