Quantum Corporation Secures $54.7 Million in Senior Secured Convertible Notes Financing

Reuters12-19 06:16

<a href="https://laohu8.com/S/QMCO">Quantum</a> Corporation Secures $54.7 Million in Senior Secured Convertible Notes Financing

Quantum Corporation has entered into a significant new financing arrangement, closing a transaction on December 18, 2025, with Dialectic Technology SPV LLC and OC III LVS entities. As part of this agreement, Quantum issued senior secured convertible notes totaling $54.7 million to Dialectic. The terms of the Indenture include affirmative and negative covenants aligned with the Fifteenth Amendment to the existing Term Loan Credit and Security Agreement, dated September 30, 2025. Notably, Quantum is required to maintain minimum liquidity thresholds ranging from $3.75 million at the end of the first quarter of 2026 to $7.5 million by the end of the fourth quarter of 2026 and thereafter. The new Convertible Notes are secured by the same assets that collateralize the company’s existing term loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quantum Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000709283-25-000091), on December 18, 2025, and is solely responsible for the information contained therein.

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