Financial Lifeline: Cision Secures $250M in Fresh Capital and Debt Restructuring
Cision Ltd., a pioneering global leader in earned media software and services for public relations and marketing communications professionals, has successfully secured a substantial $250 million in new financing. The strategic funding will provide the company with enhanced financial flexibility and support its ambitious growth initiatives.
The financing arrangement, which garnered overwhelming support from existing lenders and noteholders, was facilitated through Cision's affiliate, Castle US Holding Corporation. This significant financial milestone underscores the company's strong market position and investor confidence.
By securing these additional funds, Cision is well-positioned to accelerate its strategic objectives, invest in innovative technologies, and continue expanding its comprehensive suite of media communication solutions. The new financing represents a robust vote of confidence in the company's future potential and its ongoing commitment to serving communications professionals worldwide.