Atos CEO Says Debt Talks Will Save Fallen French Tech Star [BNN Bloomberg (Canada)]
AIRBUS SE UNSP/ADR (EADSY)
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Source: BNN Bloomberg
97% in the last seven years — said that talks with creditors are progressing and he's confident that the French IT company will be “saved” in a plan that will be finalized by July. “The dialog is very, very positive,” Saleh said in an interview at Bloomberg's office in Paris on Tuesday. “I do believe that everybody is aligned.” Stakeholders have until April 26 to present a plan to restructure the company, which is trying to raise about €1.2 billion ($1.3 billion) of new money to fund the business through 2025 and cut debt by roughly half to €2.4 billion. The company also wants to extend remaining debt maturities by five years. Read More: Why France's Onetime $15 Billion Tech Champion Needs State Aid Saleh, 67, is a US citizen who joined the company last year as finance chief. In January, he became Atos' fifth head in less than three years. Now, as he works to rescue the company, he's on a charm offensive — talking up the merits of what was once one of France's premier tech com
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News
- French government steps in to rescue Atos, once renowned as the nation's top tech firm [Fortune]Fortune
- Atos Seeks More Cash, to Slash Debt Further in Rescue Update [Yahoo! Finance]Yahoo! Finance
- Atos Boosts Cash Needs to €1.7 Billion, Seeks to Cut More Debt [BNN Bloomberg (Canada)]BNN Bloomberg
- French Government Makes Offer for Part of Atos, Le Maire Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Atos to Seek More Cash, Delays Deadline for Creditor Proposals [BNN Bloomberg (Canada)]BNN Bloomberg