Atos has unveiled a financial restructuring strategy aimed at securing €1.2 billion through a mix of €600 million in cash and an equal amount in credit lines and loan guarantees. This funding is part of the company’s effort to sustain its operations until 2025.
The company, which also operates in Romania, has announced ambitious plans to cut its debt by €2.4 billion by 2026. Atos aims to extend the maturities of its remaining debts by five years, a move detailed in a recent press release.
Bloomberg previously reported that Atos is seeking at least €1 billion in new funding to halve its debt. To facilitate these financial goals, Atos has called for financing proposals from existing shareholders and external investors, with a submission deadline set for April 26.
In the meantime, Atos has managed to arrange €400 million in interim financing from banks and bondholders, with an additional €50 million contributed by the French government.
Globally, Atos employs 112,000 staff and generates annual revenues of approximately €11 billion. In Romania, the company ended 2022 with over 3,500 employees across several major cities, serving more than 300 clients from 15 countries in sectors including defense, cybersecurity, and healthcare.
More info on Atos News Page: https://atos.net/en/2024/press-release_2024_04_09/market-update-april-9-2024
