Atento Holding Chile’s secured a $50 Million Loan from IBD Invest

Sidley Austin, Uría Menéndez, Arendt & Medernach, Marval O’Farrel Mairal, Gonzalez Calvillo, Brigard Urrutia, Cescon, Barrieu, Flesch & Barreto Carey and Berninzon & Benavides advised Atento on the transaction. Clifford Chance and Garrigues advised IDB Invest.

IDB Invest has provided up to $50 million worth of financing to Atento S.A., the largest Business Process Outsourcing (BPO) company services in Latin America and the Caribbean.

The proceeds will support Atento’s capital expenditure and working capital needs to grow its BPO and Customer Relationship Management (CRM) operations in several countries in Latin America, including Argentina, Brazil, Chile, Colombia, El Salvador, Costa Rica, Guatemala, Mexico, Panama, Peru, and Uruguay, to serve clients across the world.

Atento’s funding needs are required for the initial investment to start new service contract activities such as hiring and training of personnel as well as investments in the call center space and information technology equipment.

This deal will also help Atento to reinforce its investments in next generation services, supported by technologies such as Artificial Intelligence, Data Science, automation, machine Learning and chatbots.

The financing consists of a revolving credit facility for up to $50 million with two tranches: a $43 million committed tranche and a $7million uncommitted tranche.

Sidley Austin advised Atento in London

Uría Menéndez advised Atento in Spain

In Luxemburg, Arendt & Medernach advised Atento with  Sébastien Binard and Valentina d’Eufemia.

In Argentina, Marval O’Farrel Mairal advised Atento with Hernán Slemenson and Luciano Ojea Quintana.

In Mexico Gonzalez Calvillo, S.C. advised Atento with Jorge Cervantes Trejo, Alberto Bustamante, Fernando Blanco and Patricio Webber.

In Colombia, Brigard Urrutia advised Atento with  Luis Gabriel Morcillo, Luis Alejandro León and Catalina Rodríguez Rico.

In Brazil, Cescon, Barrieu, Flesch & Barreto advised Atento with Daniel Laudisio, Dimitrios Constantinos Constantelos and Maria Victória Martignon.

In Perù, Berninzon & Benavides advised Atento with Eduardo Benavides, Carlos Ratti, Andrea Vergara and Kattia Trujillo.

Carey advised Atento with a team including Francisco Ugarte (Picture), Alejandra Daroch and Natalia Reinicke

Clifford Chance advised IDB Invest with a team including Kate McCarthy (Picture), Jessica Springsteen, Mari Correa, Julián Hurtado Vallejo,  José Guardo, Juan Puras and Sadan Ramovic.

In Mexico, Garrigues advised IBD Invest with Mario E. Juárez Noguera, Ulises Patiño and Miguel Ángel Reyes.

Involved fees earner: Sébastien Binard – Arendt & Medernach; Valentina d’Eufemia – Arendt & Medernach; Eduardo Benavides – Berninzon & Benavides ; Carlos Ratti – Berninzon & Benavides ; Kattia Trujillo – Berninzon & Benavides ; Andrea Vergara – Berninzon & Benavides ; Luis Gabriel Morcillo – Brigard Urrutia; Catalina Rodríguez Rico – Brigard Urrutia; Alejandra Daroch – Carey; Natalia Reinicke – Carey; Francisco Ugarte – Carey; Dimitrios Constantinos Constantelos – Cescon, Barrieu, Flesch & Barreto; Daniel Laudisio – Cescon, Barrieu, Flesch & Barreto; Maria Victória Vicente Martignon – Cescon, Barrieu, Flesch & Barreto; Mari Correa – Clifford Chance; José Guardo – Clifford Chance; Julian Hurtado Vallejo – Clifford Chance; Catherine McCarthy – Clifford Chance; Juan Puras – Clifford Chance; Sadan Ramovic – Clifford Chance; Jessica Springsteen – Clifford Chance; Mario Juárez Noguera – Garrigues; Ulises Patiño Ortiz – Garrigues; Fernando Blanco González – Gonzalez Calvillo Abogados; Alberto Bustamante – Gonzalez Calvillo Abogados; Jorge Cervantes – Gonzalez Calvillo Abogados; Luciano Ojea Quintana – Marval, O’Farrell & Mairal; Hernán Slemenson – Marval, O’Farrell & Mairal;

Law Firms: Arendt & Medernach; Berninzon & Benavides ; Brigard Urrutia; Carey; Cescon, Barrieu, Flesch & Barreto; Clifford Chance; Garrigues; Gonzalez Calvillo Abogados; Marval, O’Farrell & Mairal;

Clients: Atento S.A. ; IDB Invest;


Author: Ambrogio Visconti