Bigben Interactive has petitioned the Commercial Court of Lille Métropole to open a friendly conciliation procedure aimed at restructuring its debt obligations and facilitating negotiations with financial creditors. The move follows a banking consortium's decision to decline funding for a partial repayment of the company's convertible bonds, prompting the need for formal debt restructuring discussions.
The gaming publisher's financial position has been further complicated by judicial receivership proceedings affecting its principal asset, a 56.72% stake in subsidiary Nacon. This ownership stake, representing a significant portion of Bigben's asset base, remains subject to ongoing court supervision.
Bigben's equity and debt securities have remained suspended from trading as the company navigates the conciliation process. The friendly conciliation procedure represents an alternative to formal insolvency proceedings, allowing the company and its creditors to negotiate restructuring terms with court oversight.