Atos gets restructuring proposal from bondholders (Il Sole 24 Ore Radiocor) - Paris, 26 Jun - French information technology company Atos said that on Tuesday the consortium comprising its main shareholder Onepoint, Butler Industries, and Econocom, withdrew from talks for a financial restructuring of the group but that it has received another proposal from the representative committee of its bondholders (Steerco).

Discussions are continuing with SteerCo and certain banks on the basis of this proposal in order to reach an agreement as soon as possible, Atos said.

Atos said its business activities are in line with the plan presented on April 29.

The group aims to finalize the agreement aimed at protecting the sovereign interests of the French State with respect to certain activities carried out by Atos. The rights granted to the French State will be supplemented by the issuance by Bull of a preferred share (action de preference) for the benefit of the French State. The agreement also provides for a right for the French State to purchase sovereign sensitive activities if a third-party has acquired 10% or a multiple of 10% of Atos' or Bull's share capital or voting rights and that the parties have not reached a reasonable agreement on how to protect national interests in relation to these sovereign sensitive activities.

Earlier this month, the French State made a non-binding confirmatory offer regarding the potential acquisition of 100% of the Advanced Computing, Mission-Critical Systems and Cybersecurity Products activities of the Company's BDS (Big Data & Cybersecurity) division.

The company confirms its objective of reaching a definitive financial restructuring agreement with a majority of financial creditors during the week of July 22, 2024 and expects that an in-principle financial restructuring agreement with the financial creditors would be reached during the week starting June 24.

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(RADIOCOR) 26-06-24 10:40:41 (0226) 5 NNNN