Quisitive Technology Solutions’ $15 Million Accordion Drawdown

Cassels acted for Quisitive.

On November 22, 2021, Quisitive Technology Solutions exercised the accordion feature under its existing credit facility, increasing the principal amount under its term loan by US $15 million. 

The accordion drawdown was completed in connection with its previously announced acquisition of Texas-based Catapult Systems, LLC, a Microsoft-focused digital solutions and services provider.

Quisitive Technology Solutions (CVE:QUIS) operates as a digital technology consulting firm. 

The Cassels’ team was led by Carla Potter (Picture), Lauren Grossman, Lauren White, David Gardos and Jay Goldman. 

Involved fees earner: David Gardos – Cassels Brock & Blackwell LLP; Jay Goldman – Cassels Brock & Blackwell LLP; Lauren Grossman – Cassels Brock & Blackwell LLP; Carla Potter – Cassels Brock & Blackwell LLP; Lauren White – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Quisitive Technology Solutions, Inc.;

Sonia Carcano

Author: Sonia Carcano