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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
IDB Invest Signs New Super Revolving Credit Facility with Atento
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Lenders/Participants
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IDB Invest [Lender]
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Structure
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Super Senior Revolving Credit Facility
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Amount
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$43.000
Million
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Borrower(s)
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Atento S.A.
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Description
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The new credit facility will initially provide total financing commitments of up to $43.0 million. A further $7.0 million may be committed if Atento exceeds a net worth test. The new credit facility has a five-year term to December 23, 2026 and will replace Atento's existing $50 million super senior revolving credit facility, which matures on February 10, 2022. Atento intends to draw the new credit facility to repay the $25.0 million outstanding under the existing revolving credit facility, and to use the remainder of the funding for its working capital and capital expenditure needs in Latin America. With this financial milestone and following the refinancing of Atento's senior secured notes in February 2021, Atento has successfully completed its refinancing strategy to extend the maturity date of its main debt instruments until 2026. At the same time, the new revolving credit facility lowers Atento's cost of debt.
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Industry
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Technology
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ABL Advisor
Deal Tables
2025
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