By Robb M. StewartQuarterhill said its subsidiary secured a covenant relief period through the end of the year after an updated credit agreement was completed with an existing syndicate of banks. Earlier this year, the transportation tolling and enforcement company's Quarterhill ITS unit had fallen outside certain ratio covenants in its credit agreement with the lenders, led by HSBC Bank Canada.

Source: Wall Street Journal June 29, 2023 15:13 UTC