(Bloomberg) -- Atos SE’s creditors reached an agreement with the company that will see them take control of the embattled French IT services company instead of an outside investor.Most Read from BloombergJustice Department to Charge Boeing, Seeks Guilty Plea from PlanemakerBiden Asks Donors to Stay Following Disastrous DebateBiden's Defiance Has Democrats Fearing They'll Lose White HouseBiden Party Allies Close Ranks as Poll Signals Voter ConcernTrump as President or Private Citizen: Why Supreme
Press release Market update Agreement reached on financial restructuring terms between the Company and a group of banks and bondholders Significant milestone towards reaching a final restructuring agreement by July Main terms of Atos’ financial restructuring plan: Contribution of €233 million by way of a capital increase with preferential subscription right, €75 million of which is backstopped by the bondholders participating to the new financings (described below) in cash and €100 million is ba
PARIS (Reuters) -French technology company Atos (ATOS.PA) reached an agreement with a group of banks and bondholders on terms for its debt restructuring, the company said on Sunday. The restructuring plan involves a 233-million-euro ($250 million) contribution via a capital increase with preferential subscription rights, it said in a statement. About 2.8 billion euros of Atos' debt will be turned into equity, bringing the total amount of converted debt to 2.9 billion euros.