Bigben Interactive Calls Bondholders Meeting to Amend Terms of Nacon Exchangeable Bonds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Partial Redemption of Bonds: Bigben Interactive plans to partially redeem its exchangeable bonds due in 2026 at €75,000 per bond, aimed at optimizing debt management and enhancing financial flexibility.
- Amendment of Bond Terms: The company proposes to extend the maturity date of the non-redeemed bonds to August 19, 2032, and reduce the initial exchange price from €9.60 to €0.85, which is expected to improve market attractiveness of the bonds.
- Support from Bondholders: As of now, approximately 51% of bondholders have committed to support the proposed amendments, indicating market confidence in the company's financial health, which will facilitate the passage of the resolutions at the meeting.
- Financing Background: Bigben Interactive secured €43 million in bank financing in November 2025, reflecting the trust of financial partners in the company's fundamentals while supporting its future development objectives.
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.
