The tech firm has racked up nearly five billion euros ($5.43 billion) in debt, of which 3.65 billion euros ($3.97 billion) are in bonds and loans that have to be repaid or refinanced by the end of next year.
The tech firm has racked up nearly five billion euros in debt, of which 3.65 billion euros are in bonds and loans that have to be repaid or refinanced by the end of next year.France's heavily indebted IT firm Atos presented on April 9, 2024 its refinancing plan, seeking 1,2 billion euros and converting into shares half its debt. / Photo: AFP Archive
Atos has insisted its financial woes will not disrupt its operations during the Games, for which it has been the IT partner since 2002. Organisers expect the Olympics, which will take place from July 26 to August 11, to be the target of cyber-attacks, and President Emmanuel Macron alleged this month that Russia was trying to undermine the Paris Games through a disinformation campaign.The French loan for Atos is part of an emergency interim financing package unveiled on Tuesday of 450 million euros, to keep the company running as it tries to raise 1.2 billion euros in fresh capital by July.
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