QualTek Secures New Money Financing

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Mar 16, 2023

QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization and renewable energy sectors, today announced the successful closing of new money incremental term loans providing $55 million in immediately available funds under its existing term loan credit agreement. The Company also announced the appointment of Cari Turner of Alvarez & Marsal as Chief Restructuring Officer to support QualTek’s management team and the Board of Directors.