Atos, a French technology company, recently reported its latest negotiations with creditors and investors. The company has reached an agreement with a consortium of banks and shareholders to restructure its debt after facing high levels of delinquency. In the past, they sold off parts of their business to alleviate the debt.
The debt restructuring plan involves issuing new shares to raise capital, granting rights to convert debt into Atos shares worth 2.8 billion euros. This move has significantly reduced Atos’ debt liabilities.
Atos stated that this agreement has propelled the company forward in its capital restructuring plan. Previously, Atos had entered into negotiations with the Onepoint investor group, but those talks fell through. It has also been reported that Daniel Křetínský, a Czech billionaire, has returned to make another proposal.
Source: Reuters
TLDR: Atos, a technology company, renegotiates debt with creditors and investors, issuing new shares to reduce liabilities and propel the company forward. Talks with previous investors faltered, and a billionaire investor has re-entered negotiations.
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