Quantum gets up to $100 million term loan, draws $75.4 million

By Sara Rosenberg

New York, June 9 - Quantum Corp. closed on an up to $100 million senior subordinated unsecured term loan due Sept. 30, 2014, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

EMC International Co. provided the loan that closed on June 3.

Pricing on the loan is 12% per annum.

The term loan was available in a single draw and on June 5, the company borrowed about $75.4 million to finance a cash tender offer.

Quantum is a San Jose, Calif.-based storage company.

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