RSA Group, a cybersecurity company comprised of RSA and Outseer, said it has completed a refinancing transaction with a substantial majority of holders of its existing first- and second-lien term loans, alongside a new $135 million capital infusion backed by existing lenders.
The company said participation remains open to any remaining first- and second-lien lenders. RSA said the transaction extends its debt maturities, reduces leverage, and strengthens liquidity, steps it framed as improving financial flexibility as it pursues product investment and organic growth.
RSA said it expects to use the proceeds to continue investing in innovation across its identity portfolio, with a focus on AI capabilities to strengthen fraud- and phishing-resistant authentication and improve outcomes across passwordless, fraud management, and identity products.
Outseer, which RSA described as an AI-powered digital fraud prevention platform serving financial institutions globally, said it plans to invest in the next phase of product innovation as customers prioritize solutions intended to address account takeover and scam risks across complex digital journeys.
RSA said its Unified Identity Platform is used by more than 9,000 organizations to manage more than 60 million identities across on-premises, hybrid, and multi-cloud environments. Outseer said its fraud prevention platform is used by thousands of clients in more than 50 countries, and that its solutions safeguard hundreds of millions of accounts and billions of transactions annually.
KEY QUOTES:
“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, Chief Executive Officer, RSA
“Outseer provides an AI-powered digital fraud prevention platform to financial institutions around the globe, and we’re excited to invest in the next phase of product innovation. Our customers are increasingly prioritizing our All-Cause Fraud Prevention™ innovations to reduce account takeover and scam risks across complex digital customer journeys.”
John Filby, Chief Executive Officer, Outseer
