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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.