Market Update
Press Release
Market update
Two revised financial restructuring proposals
received as part of the conciliation process from:
- EPEI in consortium with Attestor
Limited
- A consortium comprising Onepoint, Butler Industries and
Econocom, and a group of some of the Company’s creditors
Both proposals are generally consistent with the
financial parameters set by the Company, including debt reduction
and near-term and mid-term financing needs:
- Atos’ Board of Directors has
authorized management to work with the Company’s financial
creditors, under the aegis of the Conciliator, to ensure the
maximum support is likely to be secured for one of those proposals
by June 5, 2024.
- Final agreement on financial
restructuring still targeted for July 2024
€450 million interim financing agreed with
financial creditors
- €350 million of additional
short-term financing being negotiated as part of the submitted
revised financial proposals
Due diligence in progress on the potential
acquisition by the French State of the Advanced Computing,
Mission-Critical Systems and Cybersecurity Products activities of
Atos SE
Offers received for Worldgrid business under review
Paris, France – June 3, 2024 As
part of the ongoing discussions under the aegis of the Conciliator,
Maître Hélène Bourbouloux and the French CIRI (Comité
Interministériel de Restructuration Industrielle), Atos SE (“Atos”
or the “Company”) announces that it has received two revised
financial restructuring proposals from:
- EPEI in consortium with Attestor
Limited;
- A consortium comprising Onepoint, Butler Industries and
Econocom, and a group of some of the Company’s creditors
These proposals will be posted today on Atos’
website and will be accessible through the following link Investors
- Atos.
Both proposals are generally consistent with the
financial parameters set by the Company, including debt reduction
and near-term and mid-term financing needs. Atos’ Board of
Directors has authorized management to work with the Company’s
financial creditors, under the aegis of the Conciliator, to ensure
the maximum support is likely to be secured for one of those
proposals by June 5 with the aim to reach a final financial
restructuring agreement by July 2024.
The implementation of the proposals will result
in all cases in a massive dilution of the existing shareholders of
Atos SE.
Next steps
Atos will continue to inform the market on the
progress of its discussions with a view to concluding the lock-up
agreement by July 2024. Once an agreement has been reached,
supported by a sufficient majority of financial creditors, the
restructuring plan will be implemented through a dedicated
accelerated procedure1.
A new press release will be issued on Thursday,
June 6 to give an update on discussions.
Update on the interim
financing
Further to its press release dated April 9,
2024, in which Atos announced a €450 million interim financing
agreed in-principle, the Company confirms that:
- The €100 million
revolving credit and term loan facilities to be provided by a group
of bondholders have been received;
- The €50 million
loan from the French State through the FDES (Fonds de Développement
Economique et Social) to a subsidiary of Atos, Bull SAS, which
controls sovereign sensitive activities has been received;
- The €300
factoring program with the banks has been agreed. The
implementation of the program has been completed in France and
Belgium. Implementation in the remaining geographies will be
completed shortly.
The incremental interim financing of €350
million from July 2024 to final implementation of the financial
restructuring agreement is being negotiated as part of the
submitted revised financial proposals.
Potential acquisition by the French
state of 100% of the Advanced Computing, Mission-Critical Systems
and Cybersecurity Products activities of Atos SE
Further to its press release dated April 29,
2024, Atos announces that the due diligence process with the French
State concerning its potential acquisition of 100% of the Advanced
Computing, Mission-Critical Systems and Cybersecurity Products
activities of the Company’s BDS division for an indicative
enterprise value comprised between €700 million and €1 billion are
progressing well. The issuance of a confirmatory non-binding offer
is expected by mid-June 2024.
Offers received for Worldgrid business under
review
As part of the asset disposal program announced
on July 28, 2023, the Company has received several proposals
related to its Worldgrid business and is currently reviewing those
offers.
H1 2024 Financial
statements
As part of its mid-year financial reporting,
Atos will perform impairment tests on goodwill at June 30, 2024.
These tests may lead to additional impairment charges in light of
the financial restructuring solution selected and other
contemplated transactions.
*
Atos SE confirms that information that could be
qualified as inside information within the meaning of Regulation
No. 596/2014 of 16 April 2014 on market abuse and that may have
been given on a confidential basis to its financial creditors has
been published to the market, either in the past or in the context
of this press release, with the aim of re-establishing equal access
to information relating to the Atos Group between the
investors.
***
About Atos
Atos is a global leader in digital
transformation with c. 94,000 employees and annual revenue of c. €
11 billion. European number one in cybersecurity, cloud and
high-performance computing, the Group provides tailored end-to-end
solutions for all industries in 69 countries. A pioneer in
decarbonization services and products, Atos is committed to a
secure and decarbonized digital for its clients. Atos is a SE
(Societas Europaea), and listed on Euronext Paris.
The purpose of Atos is to help design the future
of the information space. Its expertise and services support the
development of knowledge, education and research in a multicultural
approach and contribute to the development of scientific and
technological excellence. Across the world, the Group enables its
customers and employees, and members of societies at large to live,
work and develop sustainably, in a safe and secure information
space.
Contacts
Investor relations : David Pierre-Kahn | investors@atos.net |
+33 6 28 51 45 96
Individual shareholders : 0805 65 00 75
Press contact : globalprteam@atos.net
1 The Company may request the opening of
accelerated safeguard proceedings – whose effects would be limited
to financial creditors and shareholders only – with the sole view
to implement and obtain a Court approval on the terms of the
restructuring plan agreed in the lock-up agreement. The accelerated
safeguard proceedings would concern only the financial indebtedness
of Atos SE and would not impact in any way suppliers, employees,
the governance of the Company, or other creditors of the Company or
its subsidiaries. As the Nanterre Specialized Commercial court
would have jurisdiction to open accelerated safeguard proceedings
towards Atos SE, the President of the Pontoise Commercial Court has
already decided, by order dated May 30, 2024, to transfer the
conciliation procedure from the Pontoise Commercial Court to the
Nanterre Specialized Commercial court.
- PR - Atos - Market Update - June 3 2024
Atos (EU:ATO)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Atos (EU:ATO)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024