Atos Secures Short-Term Financing, Expects Final Restructuring Agreement This Month

French technology company Atos announced on Friday that it had successfully secured short-term financing through two tranches of loans from creditors. The company also reiterated its expectation to finalize a restructuring agreement later this month.

The additional financing includes €225 million ($243.41 million) and €350 million through a revolving credit facility. These tranches are contingent upon an amendment to the previously provided facilities by a group of bondholders, which Atos expects to sign soon.

“This short-term financing is a crucial step in our restructuring process, and we anticipate reaching a comprehensive agreement with our creditors shortly,” Atos stated.