New Atos debt talks imminent as tech firm seeks refinancing agreement with lenders

New Atos debt talks imminent as tech firm seeks refinancing agreement with lenders

2 years ago
Anonymous $6hYC3Wwiad

https://techmonitor.ai/technology/software/atos-debt-refinancing-lenders

Atos is in talks with its lenders to refinance its debt, the French software company has confirmed. In a market update released this morning, the firm also said that it had appointed an independent third party to supervise its discussions with banks to obtain a new agreement that would suit the company's best interests (a process known as a ‘mandat ad hoc’). Meanwhile, current market conditions mean that a planned rights issue of €720m underwritten by BNP Paribas and JPMorgan has now been called off. 

“The mandat ad hoc is an amicable procedure allowing negotiations to be conducted within a confidential framework,” said Atos. “The mandat ad hoc would only concern the financial debt of the Company and would have no impact on the employees, customers and suppliers of the group.”