An update from Quantum (QMCO) is now available.
Quantum Corporation has amended its Term Loan Credit Agreement, introducing a new $25 million delayed draw term loan facility with a 5% annual amortization starting September 2025 and varying interest rates depending on loan type and timeline. Additionally, the company has adjusted the interest rates and amortization schedule on its existing term loans and revised financial covenants including leverage and minimum EBITDA. Simultaneously, Quantum Corporation has amended its Revolving Credit Agreement, altering its interest rates, covenants, and prepayment events. Moreover, the company issued warrants for purchasing common stock to term loan lenders and adjusted the exercise price of existing warrants. Concurrently, Kenneth P. Gianella has been appointed as the Chief Operating Officer while retaining his role as Chief Financial Officer.
Learn more about QMCO stock on TipRanks’ Stock Analysis page.
