Babel Finance Reaches Agreement On Modalities F... May 2026

: A key proposal involves converting approximately $150 million of debt held by major creditors into convertible bonds. If successful, this would transition Babel's largest creditors into shareholders of the restructured firm.

: The firm is seeking to raise an additional $250 million to $300 million through further convertible bond issuances and secure a $200 million revolving credit facility for business restoration. Babel Finance Reaches Agreement on Modalities f...

: Babel intends to mint and distribute "Babel Recovery Coins" to creditors. These tokens are intended to represent creditor claims and are expected to be tradable on secondary markets. : A key proposal involves converting approximately $150