Cybersecurity
Blacklisted Pegasus Spyware Firm Shunned by Wall Street, Too
- Wall Street traders are quoting NSO debt as low as 70 cents
- CEO-designate reportedly quit after U.S. blacklisted firm
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Doubt is mushrooming about NSO Group Ltd.’s ability to pay its debts after the U.S. blacklisted the Israeli spyware company and its newly named chief executive quit.
A loan with a face value of over $300 million that NSO issued in 2019 was quoted by traders on Friday at an all-time low bid of 70 cents on the dollar, placing the debt firmly into distressed territory, according to people familiar with the trading. They asked not to be named when discussing private information.