BRIEF-Quantum Announces Equity Financing To Strengthen Balance Sheet And Support Growth

Quantum Corporation

Quantum Corporation

QMCO

0.00

June 2 (Reuters) - Quantum Corp QMCO.O:

  • QUANTUM ANNOUNCES EQUITY FINANCING TO STRENGTHEN BALANCE SHEET AND SUPPORT GROWTH

  • QUANTUM - ANNOUNCES $100 MILLION PRIVATE PLACEMENT LED BY TWO SEAS CAPITAL AND OAKTREE CAPITAL

  • QUANTUM - TO SELL 10.62 MILLION SHARES AT $9.42 PER SHARE IN PRIVATE PLACEMENT

  • QUANTUM - TO USE $94.7 MILLION TO REPAY ALL EXISTING TERM DEBT

Source text: ID:nBw7hYxgZa

Further company coverage: QMCO.O


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