Atos has secured financings of €1.675bn committed by a group of banks and a group of bondholders to fund its financial restructuring plan.
A Lock-Up Agreement has also been reached covering all key terms of the plan, supported by a majority of the financial creditors.
Jean-Pierre Mustier, Chairman of Atos’ Board of Directors said: “This is a key milestone in our financial restructuring process ensuring the sustainability of Atos’ operations in the best interest of our employees and clients.”
CEO Paul Saleh (pictured) added: “This puts us a step closer to filing the plan with the Tribunal of commerce by end of July as originally targeted.
“We have also secured near-term liquidity for the Company as well as a long-term financing necessary to fund the business. With this plan, Atos will have an improved financial position and a stronger credit profile.”