Quorum Information Technologies Inc. announced it has made a prepayment of $2.5 million in principal and interest on its BDC Capital Inc. Loan Facility. The prepayment reduced the outstanding principal amount under the BDC Capital Facility by $2.5 million from $8.7 million to $6.2 million, resulting in $0.24 million in annual interest expense savings. The debt prepayment was funded with excess cash on hand.

Additionally, on June 28, 2024, Quorum also paid down the $4.0 million that was temporarily drawn on May 16, 2024, as part of its debt reduction program.