Blockchain Registration Transaction Record

Quarterhill Secures $60M Credit Facility to Fuel ITS Growth

Quarterhill secures $60M credit facility from U.S. Private Credit Investments to repay debt, redeem debentures, and fund growth in intelligent transportation systems.

This financing significantly strengthens Quarterhill’s financial position, allowing it to retire higher-cost debt and convertible debentures while gaining access to a $100 million accordion for future acquisitions. As a key player in the Intelligent Transportation System market, Quarterhill’s enhanced liquidity enables continued investment in AI-driven mobility solutions that reduce congestion, improve roadway safety, and support sustainable travel. For investors, the deal signals confidence from a major private credit provider and positions Quarterhill to capitalize on the growing demand for smart infrastructure upgrades worldwide. The move also underscores the increasing role of private credit in financing mid-cap technology companies with tangible growth prospects.