Chrysalis Investments Limited (CHRY): wefox debt facilities and lenders
This situation live
CHRY Chrysalis Investments Limited
2 Nov 2026 · Valuation discounted for default risk · +0% since
The valuation at 30 September 2026 is determined on a fair value basis less a discount reflecting the risk of a default under the group’s debt facilities.
wefox debt facilities and lenders
Valuation discounted for default risk
Next: Board engagement with wefox lenders and shareholders
Every step · 1
- 2 Nov 2026 Valuation discounted for default risk – The valuation at 30 September 2026 is determined on a fair value basis less a discount reflecting the risk of a default under the group’s debt facilities. ↗
What is happening
Chrysalis Investments Limited: wefox debt facilities and lenders – Valuation discounted for default risk. ['Valuation discounted for default risk']
- In short
- wefox carries senior and mezzanine debt that ranks ahead of Chrysalis's convertible loans and preferred equity. At 30 September 2026 the holding is valued at a discount for the risk of default under those facilities, cut to £23.9m from £36.0m. The Board is engaged with the lenders and other shareholders to protect its position.
- Announced
- 2 Nov 2026 · Valuation discounted for default risk
- Fair value
- £23.9m at 30 Sept 2026, down from £36.0m; cost £111.8m; 3.9% of NAV
- Ranking
- Company holds convertible loans and preferred equity, behind senior and mezzanine debt
- Consent right
- New investment, refinancing or disposal affecting the convertible loans needs the Company's consent
- Main business
- TAF, Dutch term-life insurance, profitable and cash-generative
What comes next
Board engagement with wefox lenders and shareholders.
From the company's own announcements. Not investment advice.
Briefing
Chrysalis Investments Limited in 4 minutes
Chrysalis Investments is a listed fund that owns stakes in fast-growing technology companies, led by Starling Bank, Smart Pension and Klarna. After two years of share buybacks, it is now selling its whole portfolio...
- Act 1A 54% discount and a plan to shrink it
- Act 2Selling winners to buy back shares
- Act 3Shareholders ask for a way out
Also at Chrysalis Investments Limited 1 open
Disposal of a part (break-up)Shareholder consultation and structural review – Realisation under way; self-managed from 5 Nov 2026
OverhangKlarna IPO lock-up – Entire remaining Klarna stake sold · closed
Capital returnBuyback programme – completed · closed
Chrysalis Investments Limited – company page →