Backblaze, Inc. reported that it entered into a material amendment to its existing credit agreement with Citizens Bank, N.A. on June 30, 2026, expanding the company’s flexibility to use capital leases. The filing states that Backblaze amended a negative covenant in its credit agreement that governs the company’s ability to undertake capitalized lease transactions. Under the amendment, Backblaze is now permitted to have up to $150 million in capital leases outstanding. The company described the change as an expansion of the indebtedness threshold under the agreement. The action was disclosed under Item 1.01, “Entry into a Material Definitive Agreement,” of Form 8-K. Backblaze filed the full amendment as Exhibit 10.1, titled “Third Amendment to Credit Agreement, dated June 30, 2026, between Backblaze, Inc. and Citizens Bank, N.A.” The company noted that its summary of the amendment is qualified in full by the text of that exhibit. No stock issuance, insider transaction, share sale, option exercise, or change in ownership was reported in this filing. Instead, the filing concerns Backblaze’s borrowing and financing flexibility. For a cloud storage company, the ability to carry more capital lease obligations can be important because capital leases may be used to finance infrastructure, equipment, or other long-term operating assets without requiring immediate cash outlays. The report was signed on July 2, 2026, by Marc Suidan, Backblaze’s Chief Financial Officer.