Item 1.01

Entry into a Material Definitive Agreement

Amendment to Term Loan Credit Agreement

On March 22, 2024, Quantum Corporation (the "Company") entered into an amendment (the "Term Loan Amendment") to the Term Loan Credit and Security Agreement, dated as of August 5, 2021 (as the same has been and amended, modified, supplemented, renewed, restated or replaced prior to the date of the Term Loan Amendment, the "Term Loan Credit Agreement"), among the Company, Quantum LTO Holdings, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company ("Quantum LTO"), the other borrowers and guarantors from time to time party thereto, the lenders from time to time party thereto, and Blue Torch Finance LLC, as disbursing agent and collateral agent for such lenders.

The Term Loan Amendment, among other things, amends the Term Loan Credit Agreement to (i) permit the sale of certain assets by the Company and (ii) require that certain proceeds from the sale of such assets be applied to partially prepay the outstanding term loans under the Term Loan Credit Agreement.

The foregoing description of the Term Loan Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Term Loan Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.

Amendment to Amended and Restated Revolving Credit Agreement

On March 22, 2024, the Company entered into an amendment (the "Revolver Amendment") to the Amended and Restated Revolving Credit and Security Agreement, dated as of December 27, 2018 (as the same has been amended, modified, supplemented, renewed, restated or replaced prior to the date of the Revolver Amendment, the "Revolving Credit Agreement"), among the Company, Quantum LTO, the other borrowers and guarantors from time to time party thereto, the lenders from time to time party thereto, and PNC Bank, National Association, as administrative agent and collateral agent for such lenders.

The Revolver Amendment, among other things, amends the Revolving Credit Agreement to permit the sale of certain assets by the Company.

The foregoing description of the Revolver Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Revolver Amendment, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-Kand is incorporated herein by reference.

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Quantum Corporation published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 20:17:31 UTC.