Item 1.01. Entry into a Material Definitive Agreement. On June 30, 2026, Backblaze, Inc. (the “Company”) amended the negative covenant in its existing credit agreement with Citizens Bank, N.A. regarding the Company's ability to undertake capitalized lease transactions (the “Credit Agreement Amendment”).…
Backblaze is the object storage layer powering AI infrastructure and data-intensive workloads at scale. Built over two decades, the company has leveraged hardware, software, and operational innovation into a platform that delivers the performance and economics the AI era demands - without lock-in. Today, more than 500,000 customers trust Backblaze to move and store the data powering their businesses, reaching hundreds of millions of end users across 175 countries.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On June 30, 2026, Backblaze, Inc. (the “Company”) amended the negative covenant in its existing credit agreement with Citizens Bank, N.A. regarding the Company's ability to undertake capitalized lease transactions (the “Credit Agreement Amendment”). The purpose of this amendment is to expand the indebtedness threshold to permit up to $150 million in capital leases outstanding.
The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.