Overland Announces Debt Holders Convert $10.7 Million of Debt Into Equity at $1.30 per Share

Overland Announces Debt Holders Convert $10.7 Million of Debt Into Equity at 
$1.30 per Share 
SAN DIEGO, CA -- (Marketwired) -- 11/12/13 --  Overland Storage
(NASDAQ: OVRL), a trusted global provider of effortless data
management and data protection solutions across the data lifecycle,
today announced that as part of its agreement to acquire Tandberg
Data Holdings S.a r.l., funds affiliated with Cyrus Capital Partners,
L.P., the indirect owner of Tandberg, and other convertible debt
holders have converted approximately $10.7 million of their
outstanding convertible debt into shares of Overland common stock at
a price of $1.30 per share.  
About Overland Storage
 Overland Storage is a trusted global provider
of effortless data management and data protection solutions across
the data lifecycle. By providing an integrated range of technologies
and services for primary, nearline, offline, archival, and cloud data
storage, Overland makes it easy and cost effective to manage
different tiers of information over time. Whether distributed data is
across the hall or across the globe, Overland enables companies to
focus on building their business instead of worrying about data
growth. Overland SnapScale, SnapServer, SnapSAN, NEO Series and REO
Series solutions are available through a select network of value
added resellers and system integrators. For more information, visit
www.overlandstorage.com. 
Connect with Overland Storage:
 Read the Overland blog:
http://overlandstorage.com/blog 
 Follow Overland on Twitter:
http://www.twitter.com/OverlandStorage 
 Visit Overland on Facebook:
http://www.facebook.com/OverlandStorage 
Overland Storage, SnapSAN, SnapServer, NEO Series, REO Series and the
Overland logo are trademarks of Overland Storage, Inc., that may be
registered in some jurisdictions. All other trademarks used are owned
by their respective owners. 
Investor Relations Contact:
Todd Kehrli or Jim Byers
MKR Group Inc.
323-468-2300
ovrl@mkr-group.com 
 
 
Press spacebar to pause and continue. Press esc to stop.