- Backblaze issued $201.25 million in 0 % convertible senior notes due 2031 through a private placement and executed related capped call transactions to mitigate equity dilution.
- The company also amended its credit agreement to upsize its revolving credit facility to $50 million, extend its maturity to April 30, 2030, and adjust covenants.
- These financial actions are intended to bolster liquidity, extend the operational runway, and manage potential conversion dilution.
