---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-24-000051"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:58:30.881961+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BlackSky enters $20M revolving credit facility with Stifel Bank; borrows $10M at close

## Summary
- $20M revolving credit facility including $500K letter-of-credit subfacility from Stifel Bank.
- $10M immediately available and drawn at closing; remaining $10M available after June 28, 2024.
- Loans mature June 30, 2026; interest at greater of prime rate or 6.00% per annum.
- Facility secured by substantially all assets; includes minimum revenue and cash-equivalent covenants.
- Proceeds used for growth initiatives, working capital, and general corporate purposes.

## SEC filing metadata
- accession: 0001753539-24-000051
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000051/0001753539-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000051/bksy-20240411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-24-000051
- JSON: https://secwatch.observer/filing/0001753539-24-000051.json
- Plain text: https://secwatch.observer/filing/0001753539-24-000051.txt

## Key facts
- Debt Financings
  BlackSky Technology Inc. incurred revolving credit of $20.0 million revolving credit facility with Stifel Bank, as lender at greater of (A) the prime rate and (B) six percent (6.00%) maturing June 30, 2026.
  - Instrument: revolving credit
  - Principal: $20.0 million revolving credit facility
  - Counterparty: Stifel Bank, as lender
  - Rate: greater of (A) the prime rate and (B) six percent (6.00%)
  - Maturity: June 30, 2026
  - Event: incurrence
  source text: On April 11, 2024, BlackSky Technology Inc., a Delaware corporation (the “Company”), and certain subsidiaries of the Company, as co-borrowers (together with the Company, the “Borrowers”), entered into a loan and security agreement (the “Loan Agreement”) with Stifel Bank, as lender (“Bank”). The Loan Agreement provides for a $20.0 million revolving credit facility, including a $500,000 subfacility for the issuance of letters of credit and other ancillary banking services.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000051/0001753539-24-000051-index.htm
- Material Agreements
  BlackSky Technology Inc. entered into Loan Agreement with Stifel Bank valued at $20.0 million (effective 2024-04-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Stifel Bank
  - Value: $20.0 million
  - Effective: 2024-04-11
  source text: entered into a loan and security agreement (the “Loan Agreement”) with Stifel Bank, as lender (“Bank”). The Loan Agreement provides for a $20.0 million revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353924000051/0001753539-24-000051-index.htm

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