Nixu Corporation announced in the Q1 2020 release that it is negotiating for new financing arrangements to secure sufficient cash reserves in these exceptional times caused by the COVID-19 pandemic. Nixu has now signed a new credit facility of EUR 4 million for the next two years. The credit facility includes standard covenant conditions on the equity ratio and EBITDA.
“The increase in the credit facility is an important part of our preparedness for a possible recession caused by the pandemic. However, we do not need to use it, and our credit facility is unused at present,” says Petri Kairinen, CEO, Nixu Corporation.
Petri Kairinen, Chief Executive Officer, Nixu Corporation
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Nixu in Brief:
Nixu is a cybersecurity services company on a mission to keep the digital society running. Our passion is to help organizations embrace digitalization securely. Partnering with our clients we provide practical solutions for ensuring business continuity, an easy access to digital services and data protection. We aim to provide the best workplace to our team of over 400 cybersecurity professionals with a hands-on attitude. With Nordic roots we serve enterprise clients worldwide. Nixu shares are listed on the Nasdaq Helsinki stock exchange.