Backblaze prices upsized USD 175 million convertible senior notes offering
Reuters2026/08/24 20:44- 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: 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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