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French IT Firm Atos, Olympic Provider, Reaches Restructuring Deal With Creditors

Creditors of Atos SE reached an agreement with the company that will see them take control of the embattled French IT services firm.Bondholders and lenders have agreed to convert €2.9 billion ($3.1 billion) of loans and bonds into equity, provide up to €1.675 billion of new debt and to inject €233 million in new equity, either themselves or alongside a private industrial investor, according to the statement. Creditors have until July 8 to sign the lock-up agreement....

Read more at bloomberg.com

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