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PARIS (Reuters) – Atos said on Sunday it had reached an agreement on the terms of its financial restructuring with a group of banks and its bondholders, placing the IT services specialist in the hands of its creditors.
The agreement, first reported by Les Echos, notably provides for a contribution of 233 million euros via a capital increase as well as a conversion into capital of Atos’ financial debts of 2.8 billion euros. .
“These operations aim to guarantee the future financial balance of the group, with a reduction in net debt of approximately 3.1 billion euros,” Atos said in a press release.
“These operations will guarantee a minimum amount of liquidity of 1.1 billion euros guaranteed until December 31, 2026,” it is added.
Atos’ creditors will thus become the group’s main shareholders, but the agreement provides for the possible entry of a reference investor as part of the capital increase.
The agreement also provides for the preservation of the entire scope of the group, subject to the finalization of ongoing discussions with the French State for the sale of the activities of Advanced Computing, Mission-Critical Systems and Cybersecurity Products. of the BDS (Big Data & Cybersecurity) division and with Alten for the sale of the Worldgrid subsidiary.
This agreement comes after Atos announced on Wednesday the end of negotiations with Onepoint, its largest shareholder led by David Layani, with a view to its financial restructuring.
(Written by Claude Chendjou, edited by Blandine Hénault)
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