Quorum closes $15 mln debt financing with BDC Capital
Quorum Information Technologies Inc (TSX-V: QIS), a Calgary-based provider of automotive dealership software and services, has closed a $15 million debt financing facility. The facility was provided by BDC Capital's growth and transition capital group. The deal's proceeds will be used to retire a bridge loan facility from Covington Capital. They will also be used to fund Quorum's January purchase of Oasis Auto Complete Systems Ltd, a London, Ontario-based provider of automotive dealership software and hardware, as well as potential future acquisitions.
4 March 2019•4 mins read
