Atos secures funding of US$1.82 billion to restructure its debt

Quick Summary:

French IT company Atos said on Monday it had secured funding of €1.675 billion (US$1.82 billion) to restructure its debt through a lock-up agreement with a group of banks and bondholders, accounting for more than 50 per cent of its creditors.

Its shares rose around 10 per cent to €1.17 per share in early trading in Paris.

The new governance will be announced after the end of the restructuring, expected at the end of 2024 or at the beginning of 2025, it added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Creditors Agreement Us$1 Restructuring Atos Secured Funding Secures Company €1 Banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 14:31:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21623614

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