Bigben Initiates Negotiations with Bondholders on €87.3M Exchangeable Bonds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
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Should l Buy ?
Source: Globenewswire
- Debt Restructuring Talks: Bigben Interactive is initiating discussions with holders of €87.3 million exchangeable bonds maturing in 2026, aiming to amend bond terms to maintain financial flexibility and avoid premature cash resource mobilization.
- Outstanding Debt Overview: As of now, €57.4 million of the bonds are still trading on the Euronext Access TM market, and a full cash repayment at maturity would require €59.1 million, potentially limiting the company's growth prospects.
- Partial Refinancing Agreement: In November 2025, Bigben secured a €43 million refinancing agreement with lenders through a standard collateralized credit agreement, reducing the unrefinanced debt balance to approximately €16 million.
- Strategic Alignment: The company plans to convene all bondholders for a vote on any amendments to the bond terms following discussions, ensuring alignment with its strategic objectives while maintaining operational and financial flexibility.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
