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Atos (CCC-) Receives Two Revised Restructuring Proposals; Details To Follow Later Today

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  • Atos received two revised financial restructuring proposals from the EPEI consortium and the OnePoint consortium. To be posted on the website today; both described as consistent with disclosed parameters for refinancing.
  • Final agreement targeted for July; the board aims to ensure max support for one of the proposals by 05 June with a press release on 06 June.
  • EUR 450mn interim financing secured; EUR 350mn in incremental interim financing is being negotiated. Due diligence commenced on French State purchase of the Advanced Computing unit; non-binding offer expected in mid-June. Worldgrid offers received and under review.
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  • Atos received two revised financial restructuring proposals from the EPEI consortium and the OnePoint consortium. To be posted on the website today; both described as consistent with disclosed parameters for refinancing.
  • Final agreement targeted for July; the board aims to ensure max support for one of the proposals by 05 June with a press release on 06 June.
  • EUR 450mn interim financing secured; EUR 350mn in incremental interim financing is being negotiated. Due diligence commenced on French State purchase of the Advanced Computing unit; non-binding offer expected in mid-June. Worldgrid offers received and under review.