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)

3 Months Ended

Jun. 30, 2024

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


	June 30, 2024		March 31, 2024
Term Loan	$	75,846	$	87,942
PNC Credit Facility	35,800		26,604
Less: current portion	(5,000)		(109,100)
Less: unamortized debt issuance costs (1)	(5,714)		(5,446)
Long-term debt, net	$	100,932	$	—

(1) The unamortized debt issuance costs related to the Term Loan is 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.

+ References

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+ Details