BlackSky Technology Inc. (BKSY) announced a private offering of $125 million principal amount of Convertible Senior Notes due 2033 to qualified institutional buyers under Rule 144A.
A portion of the net proceeds will be used to repay and terminate outstanding secured term loan and revolving credit facilities, with the remainder allocated for general corporate purposes.
The notes will be general unsecured obligations and will accrue interest payable semiannually in arrears.
