Quotient Completes $105 Million Non-Dilutive Debt Financing

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Dec 06, 2022

Quotient Technology Inc. (NYSE: QUOT) (“Quotient” or the “Company”), a leading digital promotions and media technology company, today announced today that it has completed its previously announced $105 million non-dilutive debt financing. On November 30, 2022, Quotient entered into a Financing Agreement with PNC Bank, N.A. (“PNC”), with a senior secured asset-based revolving credit facility in an aggregate principal amount of $50 million. Quotient also entered into a Financing Agreement Blue Torch Capital LP, with senior secured term loans in an aggregate principal amount of $55 million. The proceeds of the term loans were used to help retire the maturing convertible note obligations, which were repaid in full on December 1, 2022. Houlihan Lokey served as Quotient’s financial advisor.