Pursuant to judgments dated 18 March 2025, the Tribunal des Activités Economiques de Paris adopted an accelerated safeguard plan in favor of the holding company Muse Holding and approved the conciliation agreement concluded at the level of the BA&SH operating entity.
This restructuring will strengthen Muse Holding's financial structure through two main levers: on the one hand, the reduction of its financial debt through the full conversion of its bond debt and its vendor loan into equity and, on the other hand, the rescheduling of its senior debt.
The purpose of this approach is to consolidate the group's financial structure and support the implementation of its strategic plan, supported by its founders; the shareholders investing €15 million in equity to support this strategic plan.
Finally, the financial restructuring of Muse Holding was paired with the securing of the short-term loans provided by the banking partners at the level of the BA&SH operating entity.