Atos: further progress towards financial restructuring
(CercleFinance.com) - Atos announces the successful financing of its financial restructuring plan, as well as a lock-up agreement reached with banks and bondholders willing to support the agreement on the terms of the financial restructuring announced on 30 June.
The financing of a maximum target amount of E1.675bn of new secured financing, has thus been raised and guaranteed by a group of banks up to 50% and a group of bondholders up to 50%.
Atos intends to continue its discussions with non-secured financial creditors who have not yet signed or adhered to the lock-up agreement in order to obtain their adherence by 22 July, with a view to subsequently opening an accelerated safeguard procedure.
In addition, the interim financing of E800m (E450m of which has already been made available by Atos) has now been secured, providing the necessary liquidity to finance the business until the closing of the financial restructuring plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The financing of a maximum target amount of E1.675bn of new secured financing, has thus been raised and guaranteed by a group of banks up to 50% and a group of bondholders up to 50%.
Atos intends to continue its discussions with non-secured financial creditors who have not yet signed or adhered to the lock-up agreement in order to obtain their adherence by 22 July, with a view to subsequently opening an accelerated safeguard procedure.
In addition, the interim financing of E800m (E450m of which has already been made available by Atos) has now been secured, providing the necessary liquidity to finance the business until the closing of the financial restructuring plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.