Infogrames Entertainment, Europe's leading video games maker and the owner of Atari, has unveiled the debt restructuring plan that is geared towards reducing its debt pile and returning the company to financial health.

The company, which has made debt reduction and turning around its US bsuiness top priorities, said in statement that it is aiming to erase €173m ($220m) of its net debt as part of an intricate plan that also includes a €74m rights issue.