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

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

9 Months Ended

Dec. 31, 2023

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


	December 31, 2023		March 31, 2023
Term Loan	$	87,318	$	74,667
PNC Credit Facility	32,000		16,750
Less: current portion	(114,587)		(5,000)
Less: unamortized debt issuance costs (1)	(4,731)		(3,313)
Long-term debt, net	$	—	$	83,104

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

- 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