Atos reaches deal with creditors on debt restructure terms

PARIS :French abilities company Atos (ATOS.PA) reached an settlement with a gaggle of banks and bondholders on phrases for its debt restructuring, the corporate said on Sunday.

The restructuring conception incorporates a 233-million-euro ($250 million) contribution by a capital enlarge with preferential subscription rights, it said in an announcement.

About 2.8 billion euros of Atos’ debt shall be grew to significantly change into equity, bringing the total quantity of converted debt to 2.9 billion euros. That can sever Atos’ procure indebtedness by around 3.1 billion euros, the assertion said.

The corporate said Sunday’s settlement used to be a “important milestone in the direction of reaching a final restructuring settlement by July”.

Atos supplied final Wednesday that a consortium led by investor David Layani’s Onepoint had withdrawn from discussions on its restructuring.

($1 = 0.9334 euros)