Bigben Interactive Requests Accelerated Safeguard Proceedings; Reaches Deal with Majority Creditors

07:53 AM EDT, 08/05/2026 (MT Newswires) -- Paris-listed Bigben Interactive (BIG.PA) requested a commercial court to open accelerated safeguard proceedings after securing a potential debt restructuring deal with the majority of its financial creditors. The troubled video games and electronic accessories company said Wednesday it reached an agreement in principle with 67.6% of its convertible noteholders, four of the five creditors of its syndicated bank loan, and bank creditors for its majority-owned Nacon. The proposed restructuring plan includes the conversion of existing debt of 73.2 million euros into redeemable bonds and raising 25 million euros through a preferential subscription rights offering. The plan also includes the sale of the company's electronics accessories wholesale business in Paris, Bigben Connected. Under the restructuring, Bigben Interactive will be required, on an inseparable basis, to partially reinvest the proceeds in Nacon's share capital.