Atari to launch €16 million of 7.5% Oceanes due 2020 with greenshoe

By Jennifer Chiou

New York, Dec. 15 – Atari SA announced that it will open the subscription period for €16 million of bonds in the Oceane structure.

There is a €2.4 million greenshoe option.

The issuer will sell the Oceanes at €0.35 apiece from Dec. 18 to Feb. 12.

The convertibles bear interest at 7.5% per year and will mature in 2020, according to a press release.

Proceeds will be used to refinance the company’s €11 million Alden loan, which is set to mature on Sept. 30, 2015.

Questions may be directed to Calyptus (attn: Marie Calleux; 33 1 53 65 68 68 or atari@calyptus.net).

Atari is a Paris entertainment and licensing company originally called Infogrames Entertainment, SA. Subsidiaries include Atari London Studio, Eden Games, Atari Interactive, Atari, Inc. and Humongous.

Issuer:	Atari SA
Issue:	Bonds in Oceane structure
Amount:	€16 million
Greenshoe:	€2.4 million
Maturity:	Feb. 17, 2020
Coupon:	7.5%
Price:	€0.35
Announcement date:	Dec. 15

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