This morning, French publisher NACON filed for insolvency, following a major issue with its majority shareholder, Bigben Interactive. On November 24, 2025, Bigben announced it had secured a refinancing agreement with a banking pool of leading French banks for €43 million, repayable over 6 years. This would have partially refinanced prior outstanding bonds, leaving a non-refinanced residual balance of approximately €16.1 million to be repaid separately on the maturity date. However, on February 13, 2026, just four business days before the maturity date, the banking pool informed Bigben that it was refusing to honor the drawdown notice sent in connection with the […]
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