Backblaze prices upsized USD 175 million convertible senior notes offering

Reuters2026/08/24 20:44

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Backblaze priced an upsized private offering of USD 175 million of 0.00% Convertible Senior Notes due 2031.
Deal increased from the previously announced USD 150 million; sale expected to close Aug. 24, 2026.
Initial purchasers hold an option for up to an additional USD 26.25 million, taking total issuance to USD 201.25 million.
Net proceeds estimated at about USD 167.2 million, or about USD 192.7 million if the option is fully exercised.
Backblaze expects to use about USD 15.2 million for capped calls, with remaining proceeds for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Backblaze Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-034200), on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Backblaze prices upsized USD 175 million convertible senior notes offering

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