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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.

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Filed Under: Finance, Newsline Edited: 4 July 2024 11:55

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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