Paris, France – December 19, 2024 – Atos SE has achieved a significant milestone with the successful closing of its financial restructuring. This comes after the completion of the final steps of the accelerated safeguard plan approved by the specialized Commercial Court of Nanterre on October 24, 2024. With no debt maturing before the end of 2029, Atos now stands with the resources and flexibility to execute its mid-term strategy.

Corporate Credit Rating Upgrade

Atos has witnessed a remarkable upgrade in its corporate credit rating. S&P has raised its rating to B-, with a stable outlook, and Fitch has also rated it B- with stability. This boost in creditworthiness reflects the company's strengthened financial position and its ability to navigate through challenging times.

Details of the Financial Restructuring

The financial restructuring involved several key aspects. The €233 million rights issue was settled and delivered on December 10, 2024, contributing approximately €143 million in cash and equitizing claims worth around €90 million. Additionally, €2.9 billion (principal amount) of existing financial debts were equitized through three capital increases reserved for creditors, settled and delivered on December 18, 2024. A significant amount of €1.95 billion of existing financial debts was reinstalled in the form of reinstated debts maturing after 6 years or more. A total of €1.75 billion of new money was obtained, including €1.6 billion of new preferred financings and around €145 million of new money equity from the rights issue. Moreover, 22,398,648,580 share subscription warrants were issued.These transactions are detailed in the plan available on the company's website, in the prospectus related to the reserved capital increases approved by the AMF, and in the prospectus related to the rights issue.

Impact on Shareholding Structure

The completion of the reserved capital increases has led to a notable change in Atos' shareholding structure. The company's share capital now amounts to €17,903,597.9643 and is composed of 179,035,979,643 shares with a par value of €0.0001 each. Based on public information, the allocation after the reserved capital increases is as follows: Participating Creditors hold 74.4% of the share capital and 74.4% of the voting rights, Non-Participating Creditors have 15.2% and 15.2%, Employees have 0.0% and 0.0%, the Board of Directors has 1.4% and 1.4%, and Treasury shares have 0.0% and 0.0%. Assuming the exercise of all the warrants, the share capital would increase to €20,143,462.8223 and be composed of 201,434,628,223 shares. In this scenario, Participating Creditors' share would rise to 77.3% and 77.3%, Non-Participating Creditors to 13.5% and 13.5%, and the other categories would remain relatively unchanged.

New Preferred Financings and Debt Reinstallation

Under the plan, the company secured a total of €1.6 billion of new preferred financings from participating banks and bondholders. This includes €0.80 billion of new bonds rated B+ by S&P and BB- by Fitch, and €0.80 billion from participating banks consisting of €0.30 billion of new term loan, €0.44 billion of a new revolving credit facility (including €0.19 billion for bank guarantees), and €0.06 billion of new bank guarantees. These new financings were partially allocated to repay the €800 million interim financings provided before the plan's approval. The maturity of the new preferred financings is set for December 2029. Additionally, €1.95 billion of existing financial debts were reinstalled in the form of new secured debts maturing after 6 years or more.

Market Impact and Upcoming Events

The implementation of the financial restructuring plan has resulted in a massive issue of new shares, leading to a substantial dilution of Atos' existing shareholders. This could have an unfavorable impact on the market price of the share. For example, a shareholder holding 1% of the company's share capital would see their stake fall to 0.35% after the reserved capital increases and to 0.31% after the exercise of all the warrants. Some creditors who did not support the plan have become new shareholders, and a significant number of shares could be traded, potentially affecting the share price.Atos' Annual General Meeting of shareholders to approve the statutory and consolidated financial statements for 2023 will be held on January 31, 2025. The company will also issue its full-year 2024 results on March 5, 2025.Atos SE emphasizes that information that could be considered inside information has been published to ensure equal access to information for investors.About AtosAtos is a global leader in digital transformation, with around 82,000 employees and annual revenue of around €10 billion. It is the European number one in cybersecurity, cloud, and high-performance computing, providing tailored end-to-end solutions for various industries in 69 countries. Committed to decarbonization, Atos offers secure and decarbonized digital services. It is a SE listed on Euronext Paris.The purpose of Atos is to help shape the future of the information space. Its expertise and services support knowledge development, education, and research in a multicultural approach, contributing to scientific and technological excellence. Across the world, Atos enables its customers, employees, and society to live, work, and develop sustainably in a safe and secure information space.ContactsInvestor relations: David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67Individual shareholders: 0805 65 00 75Press contact: globalprteam@atos.net