---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-259525"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2026-06-05T20:05:07+00:00"
generated_at: "2026-06-05T20:06:54.921597+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Quantum Corp terminates credit agreement, convertible notes, and equity line; pays $57.8M to retire term loan

## Summary
- Paid $57.8M to terminate Term Loan Credit Agreement: $56M principal, $1.5M interest, $0.3M fees.
- Canceled all outstanding 10.00% PIK Senior Secured Convertible Notes due 2028; indenture discharged.
- Terminated Standby Equity Purchase Agreement with Yorkville effective June 11, 2026; no amounts owed.
- Board member John Fichthorn is Managing Partner of Dialectic Capital Management, advisor to note conversion counterparty.
- Annual meeting set for September 15, 2026; stockholder proposal deadline June 17, 2026.

## SEC filing metadata
- accession: 0001193125-26-259525
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2026-06-05T20:05:07+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 5.08, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/d391891d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-259525
- JSON: https://secwatch.observer/filing/0001193125-26-259525.json
- Plain text: https://secwatch.observer/filing/0001193125-26-259525.txt

## Key facts
- Material Agreements
  QUANTUM CORP /DE/ terminated Standby Equity Purchase Agreement with YA II PN, Ltd. valued at Termination notice provided; no amounts owed (effective 2026-06-04).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: YA II PN, Ltd.
  - Value: Termination notice provided; no amounts owed
  - Effective: 2026-06-04
  source text: on June 4, 2026, in accordance with the terms of the SEPA, the Company provided a notice to Yorkville regarding its termination of the SEPA, effective as of June 11, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm
- Material Agreements
  QUANTUM CORP /DE/ terminated Term Loan Credit and Security Agreement with Alter Domus (US) LLC valued at $57.8 million paid to terminate (effective 2026-06-04).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Alter Domus (US) LLC
  - Value: $57.8 million paid to terminate
  - Effective: 2026-06-04
  source text: On June 4, 2026, Quantum Corporation (the “Company”) paid an aggregate of $57.8 million in connection with the termination of the Credit Agreement, consisting of the entire outstanding principal amount of $56.0 million, accrued interest of $1.5 million, and fees and expenses of $0.3 million incurred in connection with such termination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm
- Material Agreements
  QUANTUM CORP /DE/ terminated Indenture dated December 18, 2025 with U.S. Bank Trust Company, National Association valued at All outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 canceled; Indenture satisfied a (effective 2026-06-04).
  - Action: termination
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: All outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 canceled; Indenture satisfied a
  - Effective: 2026-06-04
  source text: on June 4, 2026, all of the Company’s outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 were canceled, and the Indenture was satisfied and discharged in full.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.