On June 4, 2025, Backblaze Inc. entered into a significant financial agreement with Citizens Bank, N.A., establishing a senior secured revolving credit facility amounting to $20 million. This new credit agreement includes a sub-facility for letters of credit up to $3 million. The facility, intended to support Backblaze's working capital and general corporate needs, will mature in two years, with a possible 12-month extension contingent on meeting certain conditions. The agreement imposes various covenants on Backblaze, including restrictions on additional debt, property liens, and certain investments. Notably, Backblaze and its subsidiary have pledged substantial assets as security. Interest rates will be contingent on the company's chosen financial rate plus an applicable margin, with additional fees for unused portions and letters of credit. This strategic financial move aims to bolster Backblaze's operational flexibility and growth potential.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。