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.
Quantum and the Quantum logo are registered trademarks of
Quantum Corporation and its affiliates in the United States and/or other countries. All
other trademarks are the property of their respective owners.
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
View original content with
multimedia:http://www.prnewswire.com/news-releases/quantum-pays-off-remaining-57-million-of-november-2017-convertible-notes-300558101.html
SOURCE Quantum Corp.