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Bigben Interactive announces the initiation of discussions with the holders of senior conditionally secured bonds exchangeable into Nacon company shares, maturing on February 19, 2026
Globenewswire· 2025-12-05 06:00
Core Viewpoint - Bigben Interactive is initiating discussions with holders of senior conditionally secured bonds exchangeable into Nacon company shares, maturing on February 19, 2026, to renegotiate the terms of the bonds to maintain operational and financial flexibility [1][6]. Group 1: Bond Details - The company established a bond loan amounting to €87.3 million on February 12, 2021, with a maturity date of February 19, 2026 [2]. - As of the press release date, the outstanding amount of the bonds totals €57.4 million, which is repayable at maturity at 103%, equating to €59.1 million [3]. - After a partial refinancing agreement of €43 million secured on November 24, 2025, the residual unrefinanced balance of the bonds is approximately €16 million [4][5]. Group 2: Strategic Intentions - The company aims to propose a renegotiation of the bond terms to avoid premature cash mobilization that could limit development prospects [6]. - Following discussions, all bondholders may be convened to vote on any amendments to the bond terms in accordance with legal and regulatory provisions [7]. Group 3: Company Overview - Bigben Interactive is a European player in video game publishing and the design and distribution of mobile and gaming accessories, as well as audio-video products, with a goal to be a leader in its markets [8]. - The company is listed on Euronext Paris and has over 1,300 employees [8].
UAB “Orkela” concluded a EUR 40 million credit agreement with SEB Bank
Globenewswire· 2025-10-20 05:51
Core Points - The issuer, UAB "Orkela", has entered into a EUR 40 million credit agreement with AB SEB Bank for refinancing its bonds [1][2] - This refinancing is intended to ensure the efficient management of existing bond obligations and to maintain the issuer's stable financial position [2]
Azerion completes refinancing of outstanding senior secured bonds
Globenewswire· 2025-10-13 05:00
Core Points - Azerion Group N.V. has successfully completed the refinancing of its outstanding senior secured floating rate bonds maturing in October 2026 through the early redemption of all existing bonds [2][4] - The company is set to issue new Senior Secured Callable Floating Rate Bonds due October 2029, which will be listed under ISIN NO0013660357 [4] Company Overview - Founded in 2014, Azerion is one of Europe's largest digital advertising and entertainment media platforms, providing advertisers with access to global scaled audiences through proprietary technology [3] - The company operates commercial teams in over 26 cities worldwide, focusing on creative advertising solutions [4]
AS Ekspress Grupp refinances bonds
Globenewswire· 2025-07-03 07:00
Group 1 - AS Ekspress Grupp and AS SEB Pank signed a loan contract to refinance EUR 5 million bonds from LHV pension funds, with a new loan deadline of 2 July 2030 [1] - The refinancing will reduce Ekspress Grupp's annual interest expenses by approximately EUR 150 thousand, while annual loan service will increase by around EUR 340 thousand [1] - The refinancing will lower the average interest rate of Ekspress Grupp's financial liabilities, allowing the company to decrease overall indebtedness and prepare for potential acquisitions and economic challenges [2] Group 2 - AS Ekspress Grupp is the leading Baltic media group, involved in web media content production, publishing newspapers, magazines, and books [2] - The Group operates an electronic ticket sales platform and ticket sales offices in Latvia and Estonia, and provides digital outdoor screen services in both countries [2] - Established in 1989, Ekspress Grupp employs about 1,000 people [2]