Bigben Announces Negotiations on the Repayment of Its Bond Loan
On Tuesday evening, Bigben announced a critical cash flow situation regarding the partial repayment of its bond loan due on February 19, 2026. The company is considering requesting a deferral of maturity from bondholders and is exploring the possibility of undergoing debt restructuring procedures.
Adjustment of Repayment Terms Approved
On February 2, 2026, the general assembly of Bigben's bondholders approved an adjustment to the repayment terms of the bond issued in February 2021. This adjustment involved a partial repayment of 43 million euros on the due date of February 19, 2026, reducing the nominal unit amount of each bond from 100,000 euros to 28,000 euros. The remaining non-refinanced balance, amounting to 16.1 million euros, was postponed to August 19, 2032. This agreement followed the announcement of a partial refinancing of 43 million euros from a banking pool consisting of French banks, announced in November 2025.
Refusal of Refinancing by Banking Pool
On February 13, 2026, the banking pool refused to proceed with the drawdown notice that Bigben had sent to access the promised refinancing, citing a breach of a contractual information obligation by the Company. Bigben disputes this legal analysis and reserves all its rights. As a result of this refusal, Bigben declares itself currently unable to meet the partial repayment scheduled for the due date. The company is considering requesting a deferral of maturity from bondholders and is examining the possibility of resorting to procedures aimed at facilitating debt restructuring under the supervision of the commercial court.
