{
  "id": 2060454,
  "title": "Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering",
  "url": "https://urgent.news/2026/08/20/backblaze-announces-pricing-of-upsized-175-million-convertible-senior",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T02:26:17.000Z",
  "source": {
    "name": "Financial Post",
    "slug": "financial-post",
    "url": "https://financialpost.com/pmn/business-wire-news-releases-pmn/backblaze-announces-pricing-of-upsized-175-million-convertible-senior-notes-offering"
  },
  "original_language": "en",
  "account": "Backblaze, a storage platform serving AI and data-intensive workloads, has announced the pricing of $175 million in convertible senior notes due 2031. The offering, which was increased from the initially announced $150 million, is a private offering aimed at qualified institutional buyers under the Securities Act of 1933. The initial purchasers of the notes have been granted the option to buy up to an additional $26.25 million, with the sale expected to close on August 24, 2026.",
  "summary": "SAN FRANCISCO — Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced the pricing of $175 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Backblaze prices upsized $175M convertible notes offering at 0.00%",
        "url": "https://urgent.news/2026/08/20/backblaze-prices-upsized-175m-convertible-notes-offering-at-0-00",
        "published": "2026-08-20T04:56:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}