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.
