Atos talks to banks over refinancing after rights issue falls through

Ailing tech integrator Atos is in talks with creditors on refinancing options for debt following the cancellation of its €720 million ($774 million) rights issue and ongoing uncertainty over efforts to split the company to secure its future. In a market update issued this morning, Atos confirmed it has appointed a mandataire …

[heyrick]

Probably a stupid question, but...

...what the hell is a "tech integrator", and how does it manage to run up those sorts of debts?

[Pascal Monett]

Re: Probably a stupid question, but...

It's a copy of Crapita, but apparently, less successful.

[katrinab]

Re: Probably a stupid question, but...

They borrow money secured on the assets of the company, and pay it in dividends and directors' bonuses.

[Ace2]

“The shaare price fell by nearly 25 percent…”

It’s listed in Holland?

[katrinab]

Listed in Paris as far as I'm aware?

At least that's what all my usually-reliable sources say.

[Anonymous Coward]

Obligatory reply .....

Whoosh !!!!

:)

[Anonymous Coward]

I wonder if this debt has been racked up by acquisitions

Just like 2E2 did borrowed money to buy up businesses, of course they went under eventually.

[cantankerous swineherd]

if you owe the bank 2 billion, the bank has the problem, not you.

[IanTP]

Oh Dear, How Sad

What A Pity,

Never Mind.

Persecutor of disabled people in the UK and probably elsewhere too.

Mines the one with the work capability assessment in the pocket.

[Anonymous Coward]

Re: Oh Dear, How Sad

That was *one* part of Atos ...... I know from experience !!!

Other parts were *not* so bad ..... at least on the Crapita scale they were a 4 out of 10 !!!

:)