FINLAND —Finnish cybersecurity company F-Secure Corporation has restructured its balance sheet by securing a unified EUR 147 million financing package from Danske Bank A/S and OP Corporate Bank. The new facility replaces three distinct credit lines, consolidating an existing EUR 102 million term loan, a EUR 35 million bilateral loan with Nordic Investment Bank, and a EUR 20 million revolving credit facility into a streamlined arrangement. The new structure consists of a EUR 137 million term loan to be drawn in two tranches and a EUR 10 million revolving credit line.
This debt consolidation significantly optimizes F-Secure’s capital structure by extending its debt maturity to three years, with options for two additional one-year extensions subject to lender approval. In addition to securing more favorable pricing terms than the legacy debt, the agreement establishes a financial covenant capping Net Debt to EBITDA at 3.50x under Finnish law. Headquartered in Finland, F-Secure is a consumer cyber security firm operating in over 100 countries, delivering security and privacy services primarily through more than 200 service provider partners worldwide.
For the broader technology and financial sectors, the transaction reflects ongoing liquidity availability and strong lender confidence for established European software vendors. By combining multiple bilateral debt instruments into a single framework, F-Secure reduces administrative complexity, lowers financing overheads, and aligns its debt service obligations with long-term operational cash flows.
From a strategic standpoint, the refinanced credit facilities provide the company with enhanced financial flexibility and stable working capital. This balance sheet optimization positions the organization to maintain its market footprint across international communication service provider networks while navigating evolving market demands within the consumer digital protection landscape.
