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Quisitive Technology Solutions Enters into US$75 Million Credit Facility with Bank of Montreal


On August 27, 2021, Quisitive Technology Solutions, Inc. entered into a new credit facility with a syndicate of lenders led by Bank of Montreal as administrative agent, lead arranger and sole book runner, providing for a five-year term loan of US$70 million and a revolving facility of up to US$5 million. Proceeds from the term loan were used to payout and retire existing debt obligations of Quisitive with a Canadian Schedule 1 Chartered Bank, with the remaining balance expected to be used to finance future permitted acquisitions. The revolving facility is expected to be used to fund working capital requirements. The facility is guaranteed by various other Quisitive entities.

Cassels acted as counsel to Quisitive.

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