Atos' board chairman, Jean-Pierre Mustier, called this agreement a key milestone in their financial restructuring process.

The financing is split evenly between banks and bondholders, each committing €837.5 million. The banks' portion includes a term loan, revolving credit facility, and bank guarantees, while bondholders will provide their share through a new bond issue.

Atos CEO Paul Saleh stated that this agreement brings them closer to filing the plan with the Tribunal of Commerce by the end of July. He added that the plan would improve Atos' financial position and credit profile.

The restructuring plan includes several capital increases, including a €233 million rights issue for existing shareholders and the equitisation of €2.8 billion of Atos' financial debt. These measures could significantly dilute existing shareholders' stakes if they do not participate in the capital increases.

Atos has also secured €800 million in interim financing to fund operations until the restructuring plan is completed. The company aims to open accelerated safeguard proceedings during the week of 22 July, 2024, to implement and obtain court approval for the plan.

Atos expects to complete the restructuring by the end of 2024 or the first quarter of 2025. The restructuring has been widely covered in the news, with parts of the business being targeted by private entities and the French government.

 Recently, two board members resigned as Onepoint withdrew from Atos' share capital, part of a larger consortium pulling out of restructuring discussions. Despite setbacks, Atos has secured a restructuring deal to address its financial troubles.