Bigben Suspends Shares and Bonds on Euronext
Bigben announces the temporary suspension of its shares on Euronext Paris and its bonds on Euronext Access Paris starting from market opening on February 20, 2026. This decision follows the inability to proceed with the partial repayment of exchangeable bonds totaling approximately 43 million euros.
Unexpected Banking Complications
On February 17, 2026, Bigben reported an unexpected and late refusal by its banking syndicate to proceed with a drawdown notice issued for the partial refinancing of its existing ordinary share exchangeable bonds of Nacon. This situation has rendered the company unable to proceed with the planned partial repayment of the outstanding bonds amounting to approximately 43 million euros originally scheduled for February 19, 2026. The company is facing financial difficulties, particularly concerning its cash flow situation.
Immediate Actions and Debt Restructuring
Bigben has immediately initiated discussions with its main creditors and financial partners to ensure the continuity of its operations and to restructure its debt, including bond debt. The company is considering the use of procedures to facilitate debt restructuring under the supervision of the commercial court. Concurrently, the suspension of the liquidity contract on the Bigben Interactive title has also been decided.
Details of the Suspension
The suspension of the shares (ISIN code FR0000074072) and bonds (ISIN code FR0014001WC2) is effective from the opening of the markets on February 20, 2026. The suspension will be maintained until further communication from the company, expected in the coming days. The specifics and conditions for the resumption of trading are not detailed in the announcement.
