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Willkie Farr & Gallagher LLP
07/01/2026 | News release | Distributed by Public on 07/01/2026 14:28
Willkie Represents Dialectic Technology SPV in $107 Million Restructuring Transactions for Quantum Corporation
Willkie Represents Dialectic Technology SPV in $107 Million Restructuring Transactions for Quantum Corporation
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July 1, 2026
Willkie represented Dialectic Technology SPV LLC in connection with Quantum Corporation's (Nasdaq: QMCO) June 2026 transactions involving the voluntary amendment and conversion of Quantum's 10.00% PIK Senior Secured Convertible Notes due 2028 held by Dialectic (the "Convertible Notes"), amendment of approximately $50 million in Senior Secured Debt under the credit agreement with the parties thereto, and the issuance of additional share consideration to Dialectic and a new common stock purchase warrant issued to Dialectic.
Pursuant to the conversion agreement, Dialectic agreed to convert the entire principal amount of the Convertible Notes, together with all accrued and unpaid interest, totaling approximately $57.2 million, into Quantum common stock at the closing of the transactions. Upon closing, the Convertible Notes were canceled in accordance with the governing indenture.
The Willkie team was led by partner Christopher Forrester with associates Dong Hee Lee and Geeth Makepeace.
Pursuant to the conversion agreement, Dialectic agreed to convert the entire principal amount of the Convertible Notes, together with all accrued and unpaid interest, totaling approximately $57.2 million, into Quantum common stock at the closing of the transactions. Upon closing, the Convertible Notes were canceled in accordance with the governing indenture.
The Willkie team was led by partner Christopher Forrester with associates Dong Hee Lee and Geeth Makepeace.
Christopher Forrester Partner Corporate & Financial Services
Palo Alto [email protected] +1 650 887 9330
Geeth Makepeace Associate Corporate & Financial Services
Palo Alto [email protected] +1 650 887 9444
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Willkie Farr & Gallagher LLP published this content on July 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 01, 2026 at 20:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]