Quarterhill Secures $60 Million Credit Facility to Support Growth Strategy

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF), a global leader in the Intelligent Transportation System (ITS) industry, 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 outstanding convertible debentures, and support working capital needs. Additionally, the company established a $100 million uncommitted accordion to support potential acquisition opportunities, signaling a strategic focus on growth through M&A.

The financing was arranged exclusively by ATB Cormark Capital Markets and Roth Canada. According to the press release, the new credit facility strengthens Quarterhill's balance sheet and provides financial flexibility to execute its growth strategy. The company aims to leverage its position in the ITS market, where it processes billions of transactions annually, performs compliance and safety inspections on millions of commercial vehicles, and helps transportation agencies optimize thousands of lanes of traffic.

Quarterhill's platforms utilize advanced artificial intelligence and machine learning technologies to deliver automation and predictive insights, enabling more efficient management of transportation networks. By working closely with governments, communities, and industry leaders, the company is building connected roadways and shaping the next generation of intelligent, resilient mobility. The new credit facility is expected to support these initiatives by providing capital for operational needs and strategic acquisitions.

The announcement highlights the company's commitment to advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and promote sustainable travel. With the additional $100 million accordion, Quarterhill is well-positioned to pursue acquisition targets that align with its core business. For more details, the full press release is available at https://ibn.fm/GAMfw.

Quarterhill is listed on the Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. More information about the company can be found at https://www.quarterhill.com/.