Backblaze proposes private offering of $150 million convertible senior notes due 2031

Reuters2026/08/18 20:03

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Backblaze proposed a private offering of USD 150 million Convertible Senior Notes due 2031.
Initial purchasers would get a 13-day option to buy up to an additional USD 22.5 million of notes.
Total potential issuance size would reach USD 172.5 million if the option is exercised in full.
Notes would be senior unsecured obligations, convertible into cash, Class A shares, or a combination.
Proceeds earmarked for capped call costs, general corporate purposes, capital expenditures.

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 Business Wire (Ref. ID: 20260818061922) on August 18, 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 proposes private offering of $150 million convertible senior notes due 2031

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