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