Darrois Villey Maillot Brochier advised Atos on its financial restructuring
Paris, 10 January 2025
Darrois Villey Maillot Brochier advised Atos SE on its financial restructuring, which was completed on 18 December 2024 following the completion of all the transactions provided for in Atos’ accelerated safeguard plan approved by the specialized Commercial Court of Nanterre on 24 October 2024.
The completion of the financial restructuring of Atos led to (i) the equitization of c. €2.9 billion (principal amount) of Atos’ existing financial debts via three share capital increases reserved to financial creditors, (ii) a €233 million rights issue (partly backstopped by the creditors participating in the new preferred financings), (iii) the issue of share subscription warrants (bons de souscription d’actions or BSA) allocated free of charge to certain participating creditors, (iv) €1.6 billion of new preferred financings (new money debt) provided in equivalent proportions by the banks and the bondholders and (v) the reinstallation in the form of reinstated debts maturing after 6 years or more of €1.95 billion of existing financial debts.
Atos is a global leader in digital transformation with circa 82,000 employees and annual revenue of circa €10 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.
The Darrois Villey Maillot Brochier team was led by Bertrand Cardi, Martin Lebeuf, François Kopf and Laurent Gautier (partners), with Isabelle Touré-Farah (counsel), Paul Bertrand, Charles Seveyras, and Mehdi Tiguidda for the M&A and capital markets aspects, Maxime Garcia (counsel) and Sami Tareb for the financing aspects, Inès de Matharel and Anaïs Alle for restructuring aspects, Didier Théophile and Constance Bocket (partners), Thomas Servières, Solène Balesi and Emma Jubault on competition law aspects and Henri Savoie (partner), Guillaume Griffart (counsel) and Karel Lehoucq on public law and regulatory issues.