Kudelski secures CHF 150 million credit facility
JULY 4, 2024 11.54 EUROPE/LONDON BY JULIAN CLOVER


Digital security specialists Kudelski have secured a CHF 150 million (€154 million) credit facility from Farallon Capital Europe LLP.

In a statement the company said the facility is available to repay Kudelski’s domestic straight bond, which matures on September 27, 2024.

The loan has a maturity period of 18 months.

Kudelski’s overall revenues grew in 2023, thanks to a strong showing from its cybersecurity division, but its digital TV unit has come under pressure as it transitions from a hardware to a software and service-oriented model.