Shubhangi Bhedekar
Atos has secured a significant €1.675 billion to restructure its debt. This funding comes through a lock-up agreement, involving over 50% of its creditors. Remaining creditors have the chance to join this agreement until July 22. This step marks a crucial move in Atos’ financial strategy.
Following this announcement, Atos’ shares rose by 10%, reaching €1.17 per share during early trading in Paris. This positive market response underscores investor confidence in Atos’ financial plans.
In addition, Atos has obtained interim financing of €800 million. Out of this, €450 million is already accessible, providing immediate liquidity to support its business operations. This interim financing is essential until the comprehensive financial restructuring plan is concluded.
Read More:(https://theleadersglobe.com/business/atos-secures-e1-675-billion-to-restructure-debt/)
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