Quantum Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)

12 Months Ended

Mar. 31, 2019

The Company’s long-term debt consisted of the following (in thousands):


	As of March 31,
	2019			2018
TCW Term Loan	$	—		$	90,424
PNC Credit Facility		—			33,107
Senior Secured Term Loan		164,588			—

Total debt		164,588			123,531
Less: current portion		(1,650	)		(7,500	)
Less: unamortized debt issuance costs (1)		(17,317	)		(45	)

Long-term debt, net	$	145,621		$	115,986

(1)

The unamortized debt issuance costs related to the TCW Term Loan and the Senior Secured Term Loan are presented as a reduction of the carrying amount of the corresponding debt balance on the accompanying consolidated balance sheets. Unamortized debt issuance costs related to the PNC Credit Facility are presented within other assets on the accompanying consolidated balance sheets.

Summary of scheduled maturities for outstanding debt

As of March 31, 2019, a summary of the future scheduled maturities for the Company’s outstanding long-term debt are as follows (in thousands):


	Amount
2020	$	1,650
2021		1,650
2022		1,650
2023		1,650
2024 and thereafter		157,988

Total debt	$	164,588

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details