Business

Atos Secures Short-Term Financing Amid Restructuring Plans

July 5, 2024

Atos reported that it had successfully received short-term financing through two tranches of loans from creditors.

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.

Details of the Financing:

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.

Outlook and Future Plans:

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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James Adam

James Adam, a noted business writer for CEO Times Magazine, specializes in insightful industry analysis and executive profiles. Known for his clear, concise style, James offers readers an expert perspective on global business trends and market dynamics.

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