Quarterhill Secures $60 Million Credit Facility to Fuel Intelligent Transportation Growth

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF), a global leader in the Intelligent Transportation System (ITS) industry, announced it 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. The financing comprises a $30 million initial term loan facility, a $25 million delayed draw term loan facility, and a $5 million revolving credit facility. Proceeds 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.

In addition to the credit facility, Quarterhill established a $100 million uncommitted accordion, subject to PCI agreement and customary conditions, to support inorganic growth initiatives. This strategic move positions the company to pursue acquisitions that can expand its technological capabilities and market reach. For more details, the full press release is available at https://ibn.fm/GSsqN.

Quarterhill operates in the ITS industry, providing smart infrastructure solutions and AI- and machine learning-enabled transportation technologies. Each year, its platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic. By leveraging advanced artificial intelligence and machine learning, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. The company works in close partnership with governments, communities, and industry leaders to build today's connected roadways and shape the next generation of intelligent, resilient mobility.

The new credit facility and accordion provide Quarterhill with enhanced financial flexibility to invest in innovation and potentially acquire complementary businesses. This could accelerate the deployment of smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. As Texas continues to grow, such technologies are critical for managing increasing traffic volumes and ensuring efficient transportation networks. Quarterhill's solutions are already used worldwide, and this financing could enable further expansion into new markets, including Texas.

For more information about Quarterhill, visit https://www.quarterhill.com/. The announcement was disseminated by InvestorWire, a specialized communications platform with a focus on advanced wire-grade press release syndication. InvestorWire is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, social media distribution, and tailored corporate communications solutions. For full terms of use and disclaimers, see https://www.InvestorWire.com/Disclaimer.

This financing news is significant for Texas, as the state's rapidly growing urban areas face increasing transportation challenges. Quarterhill's AI-driven solutions could play a key role in optimizing traffic flow and improving safety on Texas roadways. The company's ability to pursue acquisitions with the $100 million accordion may lead to further innovation and job creation in the state's tech sector. As Texas continues to attract businesses and residents, investments in intelligent transportation infrastructure are essential for sustaining economic growth and quality of life.