https://techmonitor.ai/technology/cloud/atos-calls-for-more-cash-business

Atos has told investors that it requires more cash to survive than previously predicted. In a market update published this morning, the French IT giant explained that current market conditions had forced it to adjust its business plan for the next three years. That strategy, agreed on 9 April, called for over €1bn from creditors to keep the firm running, in addition to announcing significant debt relief and interim funding of €450m from banks, bondholders and the French state. 

“We have therefore extended the deadline for submissions of refinancing proposals by existing stakeholders and third-party investors to May 3,” said Atos’ chief executive, Paul Saleh. “We will review those proposals with our financial creditors and agree on an appropriate path forward. Our goal remains to agree on a refinancing solution by this coming July.”