Embattled French IT services company Atos SE raised the amount of cash it is seeking to €1.7 billion ($1.8 billion) from €1.2 billion previously and wants to cut its debt further in an update to its rescue plan.
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Atos says it needs 600 million euros of cash for 2024-2025 as part of refinancingExplore stories from Atlantic Canada.
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Atos Seeks €1.2 Billion in Cash and Loans in Restructuring OfferThe embattled French IT company Atos SE is seeking €600 million ($651 million) in cash and another €600 million in credit lines and loan guarantees to fund the business through 2025, according to a restructuring plan presented to creditors.
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Atos to Seek More Cash, Delays Deadline for Creditor ProposalsAtos SE said it is seeking more cash to finance its business and might need to further reduce its debt, as the embattled French IT company delayed a deadline it set for proposals from its creditors and banks to finance a rescue plan.
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Atos says it will need more cash than expectedAtos also said it would extend the deadline for refinancing proposals from existing stakeholders and third-party investors from April 26 to May 3. The...
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