Quotient completes $105 million financing in two parts

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Quotient Ltd. closed its $55 million senior secured term loan facility with Blue Torch Capital LP, according to a news release.

Quotient also closed its $50 million senior secured asset-based revolver with PNC Bank, NA.

The term loans were used to retire the company’s maturing convertible note obligations and to fund capital expenditures.

The diagnostics company is based in Penicuik, Scotland.

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