Curated News
By: NewsRamp Editorial Staff
September 30, 2026
Quarterhill Secures $60M Credit Facility to Fuel ITS Growth
TLDR
- Quarterhill secures $60 million credit facility to redeem debentures and fuel growth, strengthening its competitive edge in intelligent transportation.
- The facility includes a $30 million initial term loan, $25 million delayed draw, and $5 million revolver, arranged with PCI and Roth Canada.
- Quarterhill's smart infrastructure solutions reduce congestion and improve roadway safety, making travel more sustainable for communities worldwide.
- Quarterhill's platforms process billions of transactions yearly and use AI to optimize traffic lanes for agencies globally.
Impact - Why it Matters
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.
Summary
Quarterhill (TSX: QTRH) (OTCQX: QTRHF), a global leader in the Intelligent Transportation System (ITS) industry, has secured a $60 million senior secured credit facility with U.S. Private Credit Investments (“PCI”), a division of BTG Pactual Global Alternatives. Roth Canada served as co-lead debt advisor on the financing, which includes a $30 million initial term loan facility, a $25 million delayed draw term loan facility, and a $5 million revolving credit facility. The proceeds will be used to repay obligations under Quarterhill’s existing credit agreement, redeem its convertible debentures, cover transaction fees and expenses, and provide working capital. Additionally, Quarterhill established a $100 million uncommitted accordion, subject to PCI agreement and customary conditions, to support inorganic growth initiatives.
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. Leveraging advanced artificial intelligence and machine learning technologies, the company delivers automation and predictive insight to help agencies manage transportation networks more efficiently. This financing strengthens Quarterhill’s balance sheet and provides flexibility to pursue strategic growth opportunities in the smart infrastructure and intelligent mobility space.
The full press release is available at https://ibn.fm/GSsqN. For more information, visit https://www.quarterhill.com/. InvestorWire (“IW”), a specialized communications platform within the Dynamic Brand Portfolio @ IBN, disseminated the announcement. InvestorWire offers wire-grade press release syndication, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and corporate communications solutions. For details, visit https://www.InvestorWire.com.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Quarterhill Secures $60M Credit Facility to Fuel ITS Growth
