Chrysalis Investments (LSE:CHRY) has reduced its outstanding borrowing under a £60 million financing facility with Barclays following a borrowing base adjustment linked to movements in the share price of portfolio company Klarna. The investment fund has now repaid £42.8 million of the facility, including a recent payment of £32.8 million that ensures compliance with loan-to-value requirements while lowering the balance due ahead of the facility’s September 2026 maturity.
As of 6 March 2026, Chrysalis reported available liquidity of approximately £76.7 million. This consists of £30.7 million in cash and cash equivalents alongside £46 million in listed holdings in Klarna and Wise. The update highlights the company’s efforts to strengthen its balance sheet, reduce financial risk, and maintain flexibility as it moves toward fully repaying the Barclays facility later this year.
The company’s outlook remains mixed. While recent profitability has improved and leverage remains relatively low, financial quality is weighed down by negative operating and free cash flow recorded in 2025 and historically high volatility. Technical indicators point to supportive momentum, and the relatively low price-to-earnings ratio contributes to a more favourable valuation profile.
More about Chrysalis Investments Limited
Chrysalis Investments Limited is a UK-listed alternative investment fund that focuses on growth-stage companies. Its portfolio includes significant fintech holdings such as Klarna and Wise. The fund is advised by Chrysalis Investment Partners LLP and managed by G10 Capital Limited, with a strategy centred on investing in both listed and private high-growth technology businesses.
Leave a Reply