(Bloomberg) — Ailing French IT company Atos SE expanded talks with creditors to include bondholders, with a goal of reaching a debt restructuring agreement by July to head off a looming repayment crisis.
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The process will last four months and can be extended by one month according to French law, Atos said in a statement on Tuesday. It will present its refinancing framework to creditors during the week of April 8, it said.
The problems at Atos, a strategic company in France due to its ties with the nations military and nuclear industry, swelled after several failed attempts to raise cash for debt payments. Talks to sell its legacy IT services unit to Czech billionaire Daniel Kretinskys EPEI ended without a deal, …
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