QualityStocksNewsBreaks – Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) Secures $60 Million Credit Facility With $100 Million Accordion
This article has been disseminated on behalf of Quarterhill Inc. and may include paid advertising. Quarterhill (TSX: QTRH) (OTCQX: QTRHF) secured a $60 million senior secured credit facility with U.S. Private Credit Investments (“PCI”), a division of BTG Pactual Global Alternatives, with Roth Canada serving as co-lead debt advisor. The financing consists of a $30 million initial term loan facility, a $25 million delayed draw term loan facility and a $5 million revolving credit facility. Proceeds will be used to repay obligations under Quarterhill’s existing credit agreement, redeem its convertible debentures, pay transaction fees and expenses and provide working capital.…
