PARIS: Atos SE’s creditors reached an agreement with the company that will see them take control of the embattled French information technology (IT) services company instead of an outside investor.
Bondholders and lenders have agreed to convert €2.9bil (US$3.1bil) of loans and bonds into equity, provide as much as €1.68bil of new debt and to inject €233mil in new equity, either themselves or alongside a private industrial investor, according to the statement.
