Atos - comment

Atos continue to make progress with its restructuring proposal, with the Company providing a further update to the market today.  Atos has completed the interim financing program, with a further €575m of liquidity.  In addition, Bondholders have backstopped the New Financing and Equity injection, with the Company now proceeding with the actual syndication of these fundings.  Tiimings on the bank facilities have slipped a couple of days, but overall, the lock-up agreement is still scheduled to be finalised by next week, with the accelerated procedure implemented the week of July 22nd. 

Slightly surprising, there was no operational update, even though we are now in H2.