Boston-based cybersecurity firm RSA has completed a refinancing of its existing debt, the company announced on Thursday. The transaction is open to all remaining first- and second-lien lenders.
The refinancing includes a $135 million capital injection provided by current lenders and extends RSA’s debt maturities. The company stated that the deal reduces leverage and strengthens its balance sheet, positioning it for continued investment in product development.
Proceeds from the transaction will be used in part to expand RSA’s artificial intelligence capabilities, particularly in areas such as fraud prevention and phishing-resistant authentication, helping improve security outcomes for customers.
“Today’s announcement is an important step forward for RSA, and we appreciate the overwhelming support from our existing investors. With new capital and a strengthened foundation, we are accelerating innovation — particularly AI-enabled capabilities that help high-assurance customers secure their identity posture through passwordless and identity governance solutions,” Greg Nelson, CEO of RSA, said in a statement.
