June 06, 2024 06:35 GMT
Atos Extends Deadline To Select Preferred Refinancing Proposal
TECHNOLOGY
Rating: NR/CCC-
- Not much detail given though prolonged uncertainty around the chosen proposal is unlikely to benefit the credit.
- Atos has extended the deadline for selecting it’s preferred financial restructuring proposal selection to early in the week of June 10, 2024.
- The conciliator is seeking more time to secure maximum creditor support for preferred proposal.
- Aim to finalize restructuring agreement by July remains unchanged.
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