Quarterhill Secures $60M Credit Facility to Fuel Growth and Innovation

Quarterhill Inc., a global leader in the Intelligent Transportation System (ITS) industry, has secured 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. Additionally, the company established a $100 million uncommitted accordion to fuel potential acquisition opportunities. ATB Cormark Capital Markets and Roth Canada served as exclusive advisors in arranging this financing, which strengthens Quarterhill's financial position and provides flexibility for growth.

Quarterhill is advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, the company's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and help transportation agencies optimize thousands of lanes of traffic. By leveraging advanced artificial intelligence and machine learning technologies, Quarterhill delivers automation and predictive insights to manage transportation networks more efficiently. The company works closely with governments, communities, and industry leaders to build connected roadways and shape the next generation of intelligent, resilient mobility.

Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. The announcement was disseminated via InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio @ IBN. InvestorWire provides wire-grade press release syndication and enhanced distribution to a vast network of outlets, social media channels, and corporate communications solutions. Investors can view the full press release at https://ibn.fm/GAMfw.