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Amount Raised
$105 Million
Salt Lake CityDescription
Quotient Technology Inc. (NYSE: QUOT) (“Quotient” or the “Company”), a leading digital media and promotions technology company, today announced that it has entered into a commitment letter with PNC Bank, N.A. (“PNC”), 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.
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