Quarterhill Secures $60 Million Credit Facility to Fuel Growth and Acquisition Strategy

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF), a global leader in Intelligent Transportation Systems (ITS), announced a new $60 million senior secured credit facility with U.S. Private Credit Investments, a division of BTG Pactual Global Alternatives. The facility includes term loan, delayed draw, and revolving credit components designed to refinance existing obligations, redeem convertible debentures, and support working capital needs. This move positions the company to strengthen its financial foundation while pursuing growth opportunities in the smart infrastructure sector.

The credit facility is complemented by a $100 million uncommitted accordion, which provides Quarterhill with additional flexibility to pursue potential acquisitions. ATB Cormark Capital Markets and Roth Canada served as exclusive advisors in arranging the financing. The new funding structure comes as Quarterhill continues to expand its footprint in the ITS industry, where it processes billions of transactions annually and performs compliance and safety inspections on millions of commercial vehicles.

By securing this financing, Quarterhill aims to optimize its capital structure and accelerate its growth strategy. The company leverages advanced artificial intelligence and machine learning technologies to deliver automation and predictive insights, helping transportation agencies worldwide manage networks more efficiently. As noted in the press release, Quarterhill’s platforms reduce congestion, improve roadway safety, and create more sustainable travel, highlighting the importance of this investment in addressing modern mobility challenges.

The announcement underscores the growing demand for intelligent infrastructure solutions. With the new credit facility, Quarterhill can redeem existing convertible debentures, reducing dilution risk for shareholders and improving its balance sheet. The accordion feature also signals readiness to capitalize on strategic acquisitions that could enhance its technology portfolio or market reach.

For more details on the financing, the full press release can be accessed at https://ibn.fm/GAMfw. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under QTRHF, and additional information about the company is available at https://www.quarterhill.com/.

This development is significant for investors and industry observers as it reflects Quarterhill’s confidence in its growth trajectory and the broader ITS market. The company’s focus on smart mobility solutions positions it to benefit from increased government spending on infrastructure modernization and the shift toward sustainable transportation. By securing this financing, Quarterhill is better equipped to execute its strategic plan and deliver long-term value.

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