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Sources Piece Indicates Atos Lender Accepted 57% Write-Down

TECHNOLOGY


  • A BBG sources piece yesterday evening reported that an unidentified non-French bank has sold EUR 50mn of an Atos loan for a 57% loss, pricing it at around 43 cents on the euro.
  • Total loan sale attempts by various lenders reportedly amounted to EUR 160mn, but not all found buyers.
  • Also noting a separate updated report indicating that Willkie Farr & Gallagher and Messier & Associes have been appointed as legal and financial advisors to Atos bondholders respectively (in contrast to our previous bullet).
  • Atos bonds are cheaper again today, with their 29s EUR 1.15 cheaper to EUR 24.42 (EUR 30.23 cheaper YTD).

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