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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank, Blue Torch Capital Provide $105MM Debt Financing to Quotient Technology
Thursday, November 10, 2022
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Lenders/Participants
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PNC Bank [Lender]
Blue Torch Capital [Lender]
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Structure
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$50MM Senior Secured Asset-Based Revolver; $55MM Senior Secured Term Loan
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Amount
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$105.000
Million
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Borrower(s)
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Quotient Technology
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Description
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Company, entered into a commitment letter with PNC Bank, pursuant to which PNC, subject to terms and conditions stated in the letter, has committed to provide the Company with a senior secured asset-based revolving credit facility in an initial aggregate principal amount of $50 million. Quotient has also entered into a commitment letter with Blue Torch Capital, LP ("Blue Torch"), under which Blue Torch, subject to terms and conditions stated in the letter, has committed to provide Quotient with a senior secured term loan facility in an aggregate principal amount up to $55 million. The Company’s new capital structure will be used to retire the maturing convertible note obligations and to fund capital expenditures to strengthen and grow the business.
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Industry
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Technology
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Location
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UT
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| Related Tags |
Blue Torch Capital, PNC Bank, Technology
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ABL Advisor
Deal Tables
2025
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