Financing ·
Quantum Corporation terminated its Term Loan Credit and Security Agreement by paying an aggregate of $57.8 million…
QMCOQuantum Corp
Quantum Corporation terminated its Term Loan Credit and Security Agreement by paying an aggregate of $57.8 million, which included $56.0 million in principal, $1.5 million in interest, and $0.3 million in fees. The company also terminated its Standby Equity Purchase Agreement with Yorkville and canceled all outstanding 10.00% PIK Senior Secured Convertible Notes due 2028. Furthermore, the company scheduled its 2026 annual meeting of stockholders for September 15, 2026.