(Bloomberg) — Atos SE gave itself until the week of April 8 to present creditors with a refinancing framework as it aims to head off a looming repayment crisis.
Most Read from Bloomberg
The ailing French IT company has expanded its restructuring talks to include bondholders as it seeks a comprehensive agreement on its debt by July, it said in a statement on Tuesday.
ADVERTISEMENT
The problems at Atos, a strategic company in France due to its ties with the nations military and nuclear industry, swelled after it failed to raise funds to address 3.65 billion ($3.96 billion) of debt due by the end of 2025. Talks to sell its legacy IT services unit to Czech billionaire Daniel Kretinskys EPEI ended without a deal, and Airbus SE this mon…
Read the full article at: https://au.finance.yahoo.com/news/atos-expands-restructuring-talks-airbus-080638119.html