Atos SE receives approval for debt-to-equity conversion and secures new financing in financial restructuring.
Atos SE, a French IT services firm, received approval for its accelerated safeguard plan from the Commercial Court of Nanterre, aiding its financial restructuring. This plan aims to convert €2.9 billion of debt into equity and secure €1.5 to €1.675 billion in new financing. Despite a 4.4% revenue drop in Q3, Atos reported improved order entry. The restructuring is vital for the company's future amid ongoing financial challenges.
October 24, 2024
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