debt
confidence high
sentiment neutral
materiality 0.55
Backblaze amends credit agreement to allow up to $150M in capital leases
Backblaze, Inc.
- Amendment with Citizens Bank raises capital lease threshold to $150M from prior limit.
- Permits additional indebtedness for financing fixed or capital assets.
- Other terms of credit agreement unchanged; no default or waiver.
- CFO Marc Suidan executed amendment on behalf of Backblaze.