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. Quantum's end-to-end, tiered storage foundation enables customers 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.
Quantum and the Quantum logo are registered trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, the statement that, if the remaining $64.6 million of convertible notes does not convert prior to the November 2017 due date, we plan to repay them using a combination of cash, the PNC credit facility and the $20 million delayed draw term loan we have with TCW Direct Lending, is a forward-looking statement within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. More detailed information about these risk factors are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 3, 2016 and in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2016. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
+1 (408) 944-4044
Brinlea Johnson or Allise Furlani
The Blueshirt Group
+1 (212) 331-8424 or +1 (212) 331-8433
firstname.lastname@example.org or email@example.com
Logo - http://photos.prnewswire.com/prnh/20141209/163323LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/quantum-purchases-54-million-of-november-2017-convertible-notes-300371772.html
SOURCE Quantum Corp.