secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2026-08-18T21:58:33+00:00
Accession:  0001140361-26-033612
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze to offer $150M convertible senior notes due 2031; upsizes revolver to $50M
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- $150M aggregate principal of Convertible Senior Notes due 2031, private placement under Rule 144A; 13-day option for $22.5M over-allotment.
- Proceeds to fund capped call transactions and general corporate purposes including capital expenditures.
- Fourth Amendment permits issuance; Fifth Amendment to raise revolver from $20M to $50M, extend maturity to April 30, 2030, modify covenants.
- BofA Securities lead bookrunner; notes convertible into cash, stock, or combination at Backblaze's election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000114036126033612/0001140361-26-033612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000114036126033612/ef20080590_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-033612

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