Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)

9 Months Ended

Dec. 31, 2021

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


	December 31, 2021		March 31, 2021
Term Loan	$	98,750	$	—
Senior Secured Term Loan	—		92,426
PNC Credit Facility	7,556		—
Paycheck Protection Program Loan	—		10,000
Less: current portion	(3,750)		(1,850)
Less: unamortized debt issuance costs (1)	(4,628)		(9,686)
Long-term debt, net	$	97,928	$	90,890

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

- 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