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Atos Debt Grows as Restructuring Effort Continues
Atos said its debt pile grew in the third quarter as the beleaguered French IT firm seeks to implement a financial restructuring aimed at restoring profitability.
France's Atos posts Q3 revenue fall on softer market conditions
Struggling French IT firm Atos reported a 4.4% organic drop in third-quarter revenue on Thursday, owing to softer market conditions, in line with its latest forecasts.
Atos appoints Philippe Salle as new chairman and CEO
French IT company Atos said on Tuesday that Philippe Salle will become its new chairman with immediate effect while also taking over as chief executive from February.
Atos: Still aiming for deal with French state on strategic assets as initial offer expires
Cash-strapped IT firm Atos said on Monday it was still aiming to reach a deal with the French state on the sale of its most strategic activities such as cybersecurity and super-computing after the government's initial offer had expired.
Atos creditors, shareholders approve draft accelerated safeguard plan
French IT firm Atos received vote approval from more than the required two-thirds of its shareholders and creditors to proceed with a proposed accelerated safeguard plan, the company said on Friday.
France's Atos cuts financial targets but says restructuring still on track
French IT firm Atos on Monday said it would have less cash at hand over the next few years as sales are being dragged down by a weaker business environment, but added this would not impact the key terms of its financial restructuring plan.
Olympics tech partner Atos posts huge loss
Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas.
Atos H1 operating loss widens to 1.70 billion euros
French tech company Atos on Thursday said its operating loss widened in the first half of 2024 due to an impairment charge and both of its main business units reporting lower sales on soft demand in the Americas and parts of Europe.
Atos appoints chairman Mustier as CEO
French technology company Atos on Wednesday said it would appoint Chairman Jean Pierre Mustier as CEO to replace the departing Paul Saleh.
Atos secures funding of $1.82 billion to restructure its debt
French IT company Atos said on Monday it had secured funding of 1.675 billion euros ($1.82 billion) to restructure its debt through a lock-up agreement with a group of banks and bondholders, accounting for more than 50% of its creditors.
Atos says secures short-term funding through syndication agreements
French technology company Atos said on Friday it had successfully secured short-term financing via two tranches of loans from creditors, adding it still expected to reach a final restructuring agreement this month.
Atos reaches deal in principle with creditors on restructuring, says media report
French technology company Atos (ATOS.PA) reached an agreement in principle with its creditors overnight to restructure its debt, French business newspaper Les Echos said on Sunday.
