BlackSky Technology Inc. Announces $125 Million Convertible Senior Notes Offering for Debt Repayment and Strategic Investments

Reuters
07-23
<a href="https://laohu8.com/S/BKSY">BlackSky Technology Inc.</a> Announces $125 Million Convertible Senior Notes Offering for Debt Repayment and Strategic Investments

BlackSky Technology Inc. has announced a proposed private offering of $125 million in Convertible Senior Notes due in 2033. The notes are expected to be general unsecured obligations and will accrue interest payable semiannually. In a strategic financial move, BlackSky plans to use approximately $113.3 million of the net proceeds to repay and terminate outstanding borrowings under its secured term loan and revolving credit facilities. The remaining funds will be allocated for general corporate purposes, potentially covering working capital and strategic investments. The offering, subject to market conditions, will be available to qualified institutional buyers under Rule 144A of the Securities Act.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackSky Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753539-25-000073), on July 22, 2025, and is solely responsible for the information contained therein.

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