Quantum Corporation Secures $54.7 Million in Senior Secured Convertible Notes Financing
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Quantum Corporation has secured $54.7 million in senior secured convertible notes financing from Dialectic Technology SPV LLC and OC III LVS entities. The financing agreement includes covenants aligned with the Fifteenth Amendment to the existing Term Loan Credit and Security Agreement. Quantum must maintain minimum liquidity thresholds ranging from $3.75 million to $7.5 million by the end of 2026. The new notes are secured by the same assets as the existing term loans.
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