France's Atos seeks debt restructuring plan by July after record losses

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:French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the group's future.

Figurines with computers and smartphones are seen in front of Atos logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo:French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the group's future.

The group said a global refinancing agreement could lead to the issuance of new equity, adding that this will likely result in a dilution of the existing shareholders. "It's a loss supported by a goodwill impairment, it's a non-cash loss that has more to do with accounting it's a non-operational loss", Paul Saleh added in a call with journalists.

Source: Loan Digest (loandigest.net)

 

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