Advertisement
Singapore markets closed
  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     
  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     
  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • Bitcoin USD

    62,880.66
    +3,515.18 (+5.92%)
     
  • CMC Crypto 200

    1,365.52
    +88.55 (+6.93%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • Dow

    38,675.68
    +450.02 (+1.18%)
     
  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     
  • Gold

    2,310.10
    +0.50 (+0.02%)
     
  • Crude Oil

    77.99
    -0.96 (-1.22%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     
  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     
  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

UPDATE 1-Atos seeks over $1 billion in new funds, Bloomberg reports

(Adds details, background throughout)

April 8 (Reuters) - Crisis-hit French IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan.

Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said.

Atos has not made immediately clear who would inject cash in the company and how remaining debt terms would be renegotiated, the Bloomberg report added.

ADVERTISEMENT

An Atos spokesperson did not respond to an email seeking comment.

A former French top CAC 40 blue chip, Atos has seen its stock price lose more than 90% of its value in the past three years after a series of strategic missteps, operational setbacks, and governance crises.

Given Atos' cybersecurity and super-computing activities, the French government is closely following the company's fate. Prime Minister Gabriel Attal said last week maintaining the company's financial stability was a government priority.

($1 = 0.9211 euros) (Reporting by Kanjyik Ghosh and Inti Landauro; Editing by Shailesh Kuber and Bill Berkrot)