Quantum Corporation has announced it has secured USD 210 million in credit facilities to refinance its current debt facilities. The new credit facilities consist of a USD 165 million senior secured term loan facility, led by an investment fund managed by a leading US-based global fixed income asset manager, along with a USD 45 million revolving credit facility from the Company's current revolving credit facility lender. The new loan facility will be used to repay the Company's outstanding debt and related fees and interest (totaling USD 124.6 million with respect to its current term loan and USD 21.2 million with respect to its current revolving credit facility), provide capital to fund ongoing growth initiatives, and to support other general corporate purposes. The Company's cash and cash equivalents as of the date of this release are approximately USD 14 million, and the amount drawn down under the new revolving credit facility is USD 4.4 million.