BlackSky Technology Inc. (BKSY) has priced $160 million of 8.25% Convertible Senior Notes due 2033 in a private offering, increasing the size from the initially announced $125 million. The sale is expected to close on July 22, 2025.
Proceeds will be used to repay and terminate BlackSky’s secured term loan facility, repay borrowings, and support general corporate purposes. Note holders may require BlackSky to repurchase their notes for cash on August 6, 2030, at 100% of the principal amount.
