Atos receives offers to restructure debt and inject cash, decision pending

From Investing.com: 2024-05-06 01:31:59

Debt-laden French IT company Atos received four offers to restructure debt and inject cash. Offers include consortium of banks, largest shareholder, and investment firm linked to Czech billionaire. Atos to decide by end of month. Already discarded offer from Bain Capital. Negotiating takeover of strategic assets and agreed on 100 million euro credit facility. Need 1.1 billion euros to finance business.

Atos confirms received offers to restructure debt and inject cash. Offers from banks consortium, largest shareholder, and investment firm linked to Czech billionaire. Decision to be made by end of month. Signed 100 million euro credit facility with creditors. Negotiating additional 350 million euros from banks and state. Radical changes likely, massive dilution of existing shareholders anticipated.

Formerly celebrated French technology flagship Atos in financial trouble. Received multiple offers to restructure debt and inject cash. Decision on offers to be made by end of month. In talks for 1.1 billion euros to finance business. Radical changes expected, massive dilution of existing shareholders. Unsure future for once stable company.



Read more at Investing.com: Ailing French IT firm Atos says it received four restructuring offers By Reuters