Quantum Pays Off Remaining Convertible Notes Due November 2015

Nov 16, 2015, 16:15 ET from Quantum Corp.

SAN JOSE, Calif., Nov. 16, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that on Nov. 13, 2015, it repaid the remaining $3 million of its convertible notes due yesterday, at par plus interest. The company used its revolving $75 million credit facility with Wells Fargo Capital Finance, LLC to fund the repayment.

"We have now eliminated all of the original $135 million in convertible debt that was due to mature this month, with roughly equal repayments having come from cash generated from operations and our revolving credit facility," said Linda Breard, senior vice president and CFO at Quantum. "This represents a notable improvement in our balance sheet."

About Quantum

Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can Be Certain™ they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.

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Contact: Brad Cohen Public Relations Quantum Corp. (408) 944-4044 brad.cohen@quantum.com

Brinlea Johnson or Allise Furlani Investor Relations The Blueshirt Group (212) 331-8424 or (212) 331-8433 brinlea@blueshirtgroup.com or allise@blueshirtgroup.com

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SOURCE Quantum Corp.