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Atos in Debt Talks With Banks and Bondholders, CEO Says
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April 17, 2024
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3:49Now PlayingAtos SE Chief Executive Officer Paul Saleh says that talks with creditors to stave off a mounting debt crisis are progressing and he’s confident that the French IT company will be “saved” in a plan that will be finalized by July. 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. He speaks with Bloomberg's Caroline Connan.
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