Bigben secures creditor backing for EUR 73.2 million debt-to-equity swap plan

• Bigben Interactive reached a debt restructuring term sheet with key financial creditors, then filed for an accelerated safeguard procedure.
• Plan centers on EUR 73.2 million debt conversion, including EUR 59.4 million obligations seniors échangeables en actions Nacon.
• Structure includes EUR 26 million ORAR issuance, then EUR 47.2 million converted into equity at discounted conversion prices.
• Deal adds EUR 25 million new-money rights issue, guaranteed up to EUR 20 million by participating creditors, implying heavy shareholder dilution.
• Implementation hinges on court approval in August, with part of new money earmarked for reinvestment into Nacon alongside its own restructuring.

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