Quantum provides additional flexibility for convertible note repayment

Quantum Corp. (NYSE: QTM) said it has amended its credit agreement with Wells Fargo Capital Finance, LLC to provide additional flexibility in using proceeds from loans under the agreement to repay the USD84 million in convertible notes due Nov. 15, 2015.

Among other changes, the amendment increases the amount of foreign accounts receivable and intellectual property assets included in the borrowing base and modifies the maturity date

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.