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BBG Reports Atos Creditors Have Appointed Financial/Legal Advisors

TECHNOLOGY


  • A BBG sources piece last night indicated that Atos creditors have chosen and engaged with financial advisors Ondra Partners (financial) and legal advusirs Gibson, Dunn & Crutcher.
  • The piece notes that a EUR 1.5bn term loan A and a EUR 900mn revolving credit facility came due yesterday with both subject to possible extensions.
  • No new information was provided on the Kretinsky negotiations.
  • Atos bonds are lower this morning though relatively muted compared to recent voaltilty – all bonds have cheapened by less than EUR 1 though YTD moves are as large as -EUR 32.58 for their 2025s.

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