Clifford Chance has advised IDB Invest in connection with the US$50 million working capital facility provided to Atento S.A..
Atento is the largest provider of customer relationship management (CRM) and business process outsourcing (BPO) in Latin America and the Caribbean, with operations in Argentina, Brazil, Chile, Colombia, El Salvador, Costa Rica, Guatemala, Mexico, Panama, Peru and Uruguay.
Atento will use the proceeds of the financing to support its capital expenditure and working capital needs to grow its CRM and BPO operations. The deal is expected to improve digitalization in Latin America and the Caribbean and reduce the need for import of digital services, promoting nearshoring and service export across the region.
Clifford Chance’s Lead partner Kate McCarthy (Picture) was supported on the deal by a multijurisdictional team including: in Washington, DC: partner Jessica Springsteen and associate Mari Correa; in New York: associate Julian Hurtado Vallejo; in Madrid: partner José Guardo and abogado Juan Puras; in Luxembourg: avocat à la Cour Sadan Ramovic.
Involved fees earner: 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;
Law Firms: Clifford Chance;
Clients: IDB Invest;