---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-029519"
form_type: "8-K"
ticker: "BLZE"
cik: "0001462056"
company_name: "Backblaze, Inc."
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T21:42:35.633807+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Backblaze enters $20M senior secured revolving credit facility with Citizens Bank

## Summary
- Facility matures June 2027 with optional 12-month extension; SOFR+3.25% or ABR+2.25% interest.
- Up to $3M available for letters of credit; commitment fee of 0.35% on unused portion.
- Proceeds for working capital and general corporate purposes; secured by substantially all assets.
- Financial covenants include minimum liquidity, minimum consolidated EBITDA, and max leverage.
- Customary negative covenants limit additional debt, liens, investments, and mergers.

## SEC filing metadata
- accession: 0001628280-25-029519
- form_type: 8-K
- ticker: BLZE
- cik: 0001462056
- company_name: Backblaze, Inc.
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462056/000162828025029519/0001628280-25-029519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462056/000162828025029519/blze-20250604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-029519
- JSON: https://secwatch.observer/filing/0001628280-25-029519.json
- Plain text: https://secwatch.observer/filing/0001628280-25-029519.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.