By Rebecca Melvin
New York, March 26 – Atento Luxco 1 SA, a subsidiary of Atento SA, priced $100 million of senior secured notes due Aug. 10, 2022 (Ba3//BB) at 99.251 on Tuesday, according to a company news release.
The Rule 144A and Regulation S notes will be combined to form one series with $400 million of the notes that priced Aug. 10, 2017.
The notes will be guaranteed by Atento SA, and Atento plans to use the proceeds of the notes to repay all its outstanding Brazilian debentures and a part of its outstanding BNDES credit facilities, as well as to pay for related fees and expenses and for general corporate purposes.
Brazil-based Atento provides business outsourcing services in Latin America.
| Issuer: | Atento Luxco 1 SA
|
| Guarantor: | Atento SA
|
| Issue: | Senior secured notes
|
| Amount: | $100 million add-on
|
| Maturity: | Aug. 10, 2022
|
| Coupon: | 6 1/8%
|
| Price: | 99.251
|
| Trade date: | March 26
|
| Settlement date: | April 4
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Total deal size: | $500 million, including $400 million priced on Aug. 10, 2017
|
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