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Atos Secures $1.82 Billion to Restructure Debt in $1.83 Billion Deal

Jul 15, 2024, 06:54 AM

French IT company Atos has secured $1.82 billion in funding to restructure its debt. The funding, equivalent to 1.675 billion euros, was obtained through a lock-up agreement with a group of banks and bondholders. A majority of Atos' creditors have signed the agreement, which will see them take control of the company following the restructuring. The deal, valued at $1.83 billion, was announced on Monday.