Atos Announces Major Funding Agreement for Debt Restructuring

Monday, 15 July 2024, 07:42

French IT giant Atos has successfully secured a substantial $1.82 billion funding to restructure its debt with a lock-up agreement involving over 50% of its creditors. The company is taking proactive steps to strengthen its financial position and address debt obligations. This strategic move aims to streamline Atos' financial structure and enhance sustainability amid evolving market conditions.
Channelnewsasia
Atos Announces Major Funding Agreement for Debt Restructuring

Atos Secures $1.82 Billion Funding

French IT company Atos has announced the successful securing of $1.82 billion in funding to restructure its debt through a lock-up agreement with a group of banks and bondholders. This significant amount accounts for more than 50% of its creditors, with the remainder given the opportunity to participate.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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