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Quantum Secures $210 Million Long-Term Financing to Repay Existing Indebtedness and Provide Foundation for Growth

SAN JOSE, Calif., Dec. 28, 2018 /PRNewswire/ — Quantum Corp. (NYSE: QTM) today announced the successful completion of a refinance of its current debt facilities.  The new $210 million of total credit facilities consist of a $165 million senior secured term loan facility, led by an investment fund managed by a leading US-based global fixed income asset manager, along with a $45 million revolving credit facility from the Company’s current revolving credit facility lender.

The new loan facility will be used to repay the Company’s outstanding debt and related fees and interest (totaling $124.6 million with respect to its current term loan and $21.2 million wit…