The embattled French IT company Atos is seeking more than €1 billion in new funds and plans to cut its current debt pile by at least half.
With Irene García Pérez
bloomberg.com/news/articles/… via Bloomberg Technology

Home for the next three months

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ICYMI over Easter weekend: Cerberus mulling bigger partnership with Intrum as the Swedish debt collector explores alternatives to tackle its debt stack. W/ Irene García Pérez
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Billionaire Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s embattled French telecommunications firm pushes to slash a debt burden of almost $27 billion. Here's a look at how he could do it trib.al/yAhsEte

CLOs and HY funds out, distressed funds --or whatever they like to call themselves these days--in.

Exclusive w/ Giulia Morpurgo and Reshmi Basu, and edits by Bruce Douglas
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Atos has 4+1 months to get its act together and reach a restructuring deal with creditors. It aims an agreement by July, and it better do, not least because Paris is hosting the Olympics, for which the co. will provide IT support— w/ Benoît Berthelot bloomberg.com/news/articles/…

Altice France creditors including Attestor Capital and Arini have started working with advisers, ahead of debt talks with the company trib.al/H8UIf3c

Después de 12 años informando desde Moscú las autoridades rusas han rechazado a última hora renovar mi visado de periodista y sólo he contado con 24 horas para salir del país, dejando atrás demasiado. No me arrepiento de nada.

Simplemente he hecho mi trabajo: he contado lo que…

Drahi’s Altice France Says Creditors Must Take Cuts to Reach Targets
With Irene García Pérez bloomberg.com/news/articles/…

Paris is creating new housing and adding trees in a long neglected neighborhood at the edge of the city. But can it draw in new residents without pricing out those who were already there? bloomberg.com/news/features/…

It happens

⚽️ El presidente de LALIGA, Javier Tebas Medrano, aseguró que “Quien quiera seguir siendo competitivo en la industria del deporte tiene que tener acuerdos con Arabia Saudí”.

Mira la entrevista completa de Irene García Pérez y Thomas Gualtieri aquí👇🏻 trib.al/ktNnlC8

Today in Bloomberg Deals: A record-breaking run in sports M&A, JetBlue-Spirit is grounded permanently and Arkhouse and Brigade up their Macy’s bid david hellier Irene García Pérez trib.al/aAzhVMe

Billionaire Daniel Kretinsky is weighing a renewed takeover offer for parts of French IT firm #Atos . Bpifrance is also interested in investing in some healthy parts of the business. Story with Irene García Pérez Albertina Torsoli bloomberg.com/news/articles/…

Exclusive: Stonegate, the UK’s biggest pub group, is gearing up for talks over its £2bn debt pile ahead of a crucial deadline.

With Giulia Morpurgo and Irene García Pérez

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Two years after the invasion of Ukraine severed Russia’s ties with global financial markets, billions of dollars worth of assets are still stuck in limbo. Read it here in The Brink. trib.al/6HA92CO

🍫🍫THE CHOCOLATE CRISIS — a thread:

Chocolate prices are about to rise — and bars and boxes will shrink too — after wholesale cocoa prices jumped beyond their 46-year old peak, setting a record high.

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Ante la duda, sentar cátedra

A handy explainer on what went wrong at Atos bloomberg.com/news/articles/… by Irene García Pérez Benoît Berthelot