Technology company Atos (ATOS.PA) based in France has come to an agreement with a consortium of banks and bondholders regarding the conditions for its debt restructuring, as announced by the company on Sunday.

The restructuring plan entails a capital increase with preferential subscription rights, involving a 233 million euro ($250 million) contribution, as stated in the official announcement.

About 2.8 billion euros of Atos' debt will be turned into equity, bringing the total amount of converted debt to 2.9 billion euros. That will reduce Atos' net indebtedness by around 3.1 billion euros, the statement said.

The company said Sunday's agreement was a "significant milestone towards reaching a final restructuring agreement by July".

Atos announced last Wednesday that a consortium led by investor David Layani's Onepoint had withdrawn from discussions on its restructuring. Reuters