Quarterhill Inc., a global leader in the Intelligent Transportation System industry, has secured a $60 million senior secured credit facility with U.S. Private Credit Investments, a division of BTG Pactual Global Alternatives. Roth Canada served as co-lead debt advisor on the transaction. The financing package 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 from the facility 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. The company also established a $100 million uncommitted accordion, subject to PCI agreement and customary conditions, to support inorganic growth initiatives.
This development matters for the Long Beach area and the broader transportation technology ecosystem because Quarterhill’s platforms process billions of transactions annually, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic. With this new capital structure, Quarterhill is positioned to accelerate its deployment of AI- and machine-learning-enabled transportation technologies that reduce congestion, improve roadway safety, and create more sustainable travel. The $100 million accordion signals that the company is actively preparing for acquisitions or strategic investments that could expand its smart infrastructure footprint, potentially bringing new jobs, partnerships, and innovation to regions where it operates, including Southern California.
Quarterhill’s work is directly relevant to ports, freight corridors, and urban mobility networks. As a global leader in the ITS industry, it advances mobility through smart infrastructure solutions that help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today’s connected roadways while shaping the next generation of intelligent, resilient mobility. For readers in Long Beach and surrounding areas, the company’s strengthened financial position could translate into more reliable traffic management systems, faster deployment of safety technologies, and improved travel experiences on local highways and at key logistics hubs.
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Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, visit https://www.quarterhill.com/. The full press release can be viewed at https://ibn.fm/GSsqN. Terms of use and disclaimers applicable to all content provided by InvestorWire are available at https://www.InvestorWire.com/Disclaimer.
