French IT firm Atos secures over two-thirds approval for its financial restructuring plan, involving €2.9B debt-to-equity conversion and up to €1.675B new debt.

French IT firm Atos has gained over two-thirds approval from shareholders and creditors for its accelerated safeguard plan, crucial for financial restructuring. The plan includes converting €2.9 billion of debt into equity and securing up to €1.675 billion in new debt. A court hearing on the draft is set for October 15, with a decision expected by the end of October. If approved, transactions will occur between November 2024 and January 2025.

September 27, 2024
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