Quarterhill enters USD 60 million senior secured credit facility with BTG Pactual unit

  • Quarterhill entered USD 60 million senior secured credit facility with U.S. Private Credit Investments, division of BTG Pactual Global Alternatives.
  • Financing includes USD 30 million initial term loan, USD 25 million delayed draw term loan, USD 5 million revolving credit facility; maturity May 12, 2031.
  • Proceeds earmarked to refinance existing credit agreement obligations, redeem convertible debentures, cover transaction costs, support working capital.
  • Company also set up USD 100 million uncommitted accordion, subject to lender approval, to support M&A.


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