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French technology company Atos announced on Friday that it had successfully secured short-term financing through two tranches of loans from creditors. The company reiterated its expectation to finalize a restructuring agreement later this month.
Atos detailed that the additional tranches included €225 million ($243.41 million) and €350 million from a revolving credit facility.
These loans are subject to an amendment of the facilities previously provided by a group of bondholders, which Atos expects to sign shortly.
Additionally, Atos reported obtaining a waiver from banks under a €1.5 billion term loan.
The secured financing and anticipated restructuring agreement are part of Atos’ ongoing efforts to stabilize its financial position and continue its strategic operations.
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