Backblaze prices upsized USD 175 million convertible senior notes offering
BLZE•Use of proceeds
- Net proceeds are 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.
Backblaze prices upsized convertible notes offering
- Backblaze priced an upsized private offering of USD 175 million of 0.00% Convertible Senior Notes due 2031.
- The 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.
