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Sphere 3D Announces Amendment of Opus Credit Agreement to Extend Maturity Date of Credit Facilities to March 31, 2018SAN JOSE, Calif., Sept. 21, 2017 (GLOBE NEWSWIRE) -- Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization and data management solutions provider, today announced the execution of Amendment Number Seven to Credit Agreement, Waiver and Reaffirmation (the “Amendment”) by and among Overland Storage, Tandberg Data GmbH and Opus Bank (“Opus”). Pursuant to the Credit Agreement dated April 6, 2016, Opus initially provided a $10 Million revolving credit facility and a $10 Million term loan facility. Under the terms of the Amendment, among other things, the maturity date for the revolving and term loan credit facilities was amended from October 31, 2017 to March 31, 2018, subject to certain events of acceleration. The foregoing description of the Amendment does not urport to be complete, and is qualified in its entirety by reference to the Amendment, which is attached as Exhibit 99.1 to the Form 6-K filed by the Company with the Securities and Exchange Commission on September 20, 2017. About Sphere 3D Investor Contact:
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