Quantum Pays Down $20 Million of Senior Debt and Refinances Remaining $49 Million on Improved Terms
SAN JOSE, CA — (Marketwire) — 03/29/12 — Quantum Corp. (NYSE: QTM), a proven global expert in data protection and big data management, today announced that it has paid down $20 million of its senior debt and refinanced the remaining $49 million as part of a new 5-year credit agreement with Wells Fargo Capital Finance, LLC. That agreement includes a $55 million revolving line of credit and a $20 million revolver sub-facility, with terms that give Quantum greater operational flexibility. In a