Backblaze amended its existing credit agreement to increase flexibility for equipment financing. The Third Amendment with Citizens Bank raises the cap on capitalized lease indebtedness, permitting up to $150 million outstanding. Management expects the change to enhance financing options for growth and infrastructure needs.
Agreement details:
- Agreement type: Third Amendment to Credit Agreement modifying negative covenant on capital leases
- Counterparty: Citizens Bank
- Signed / Effective: Jun 30 2026 / same
- Reason: Increase capacity for capital lease financing
Original SEC Filing:
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