Atos Completes Financial Restructuring to Secure Future Operations
The French tech company announces reduced debt and new funding, while negotiating the sale of strategic assets to the government.
- Atos has finalized its financial restructuring plan, reducing its debt by €2.1 billion and converting €2.9 billion of debt into equity.
- The company secured €1.6 billion in new priority financing and €145 million in equity, while repaying €800 million in interim loans.
- Atos now has no debt repayments due until 2029 and aims to focus on mid-term strategic goals in cloud, cybersecurity, and supercomputing.
- The French government is in exclusive talks to acquire Atos' Advanced Computing branch, which includes supercomputers critical to nuclear deterrence, for €500–625 million.
- Atos' share value has plummeted due to massive equity dilution, while criticism mounts over significant past spending on consulting and legal fees.