Quantum Pays Off Remaining $57 Million of November 2017 Convertible Notes

SAN JOSE, Calif., Nov. 16, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it has fully repaid the $57 million in outstanding principal and accrued interest on its November 2017 convertible notes. The company used loan proceeds from its credit facilities with TCW Direct Lending and PNC Bank to make the payment.

About Quantum
Quantum is a leading expert in scale-out tiered storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. Quantum's end-to-end, tiered storage foundation enables customers to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.

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Contact:
Brad Cohen
Public Relations
Quantum Corp.
408-944-4044
brad.cohen@quantum.com

Brinlea Johnson or Allise Furlani
Investor Relations
The Blueshirt Group
212-331-8424 or 212-331-8433
brinlea@blueshirtgroup.com or allise@blueshirtgroup.com

 

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SOURCE Quantum Corp.