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.
