The embattled French IT company Atos SE is seeking €600 million ($651 million) in cash and another €600 million in credit lines and loan guarantees to fund the business through 2025, according to a restructuring plan presented to creditors.
Atos is aiming to cut its debt by €2.4 billion by 2026 and wants to extend its remaining debt maturities by five years, the company said in a statement on Tuesday. Bloomberg previously reported it was seeking at least €1 billion.