Quisitive Technology Solutions, Inc. announced that it has signed a term sheet with respect to a proposed second amendment and restatement to its existing credit facility (the QuisitiveCredit Facility) with a syndicate of institutions led by Bank of Montreal and including Desjardins Capital Markets that, among other things, will provide for a reduction of the Company?s: term loan credit facility from approximately USD 68.6 million to USD 34 million; and revolving loan credit facility from USD 5 million to USD 3.5 million. The amendment to the Quisitive Credit Facility will result in a significant reduction of interest payments owed by the Company. A portion of the cash proceeds to be received from the sale of BankCard will be used to partially repay the existing Quisitive Credit Facility, which is expected to occur concurrently on completion of the Transaction.