As a follow-up to their earlier convertible debentures announcement on August 26, BlackBerry has now announced they have completed the redemption of all of its 6% unsecured convertible debentures. Additionally, BlackBerry also announced they have completed the previously announced private placement of USD$605,000,000 aggregate principal amount of 3.75% unsecured convertible debentures to Fairfax Financial Holdings Limited and other institutional investors. None of the 6% Debentures were converted into common shares of BlackBerry prior to redemption.
BlackBerry Announces Completion of Debt Restructuring
Waterloo, ON – September 7, 2016 – BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in secure mobile communications, today announced that it completed the redemption of all of its 6% unsecured convertible debentures (BB.DB.U) (the "6% Debentures") on September 2, 2016. The redemption was announced and a notice of redemption was issued on August 26, 2016. None of the 6% Debentures were converted into common shares of BlackBerry prior to redemption.
BlackBerry also announced that it has completed the previously announced private placement of USD$605,000,000 aggregate principal amount of 3.75% unsecured convertible debentures to Fairfax Financial Holdings Limited and other institutional investors. RBC Capital Markets acted for BlackBerry in the completion of the transaction.
About BlackBerry
BlackBerry is securing a connected world, delivering innovative solutions across the entire mobile ecosystem and beyond. We secure the world's most sensitive data across all end points – from cars to smartphones – making the mobile-first enterprise vision a reality. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.BlackBerry.com.
Read more
How Go Talk intends to be the BlackBerry of mobile carriers
Identity theft often goes through an unexpected route: conning the carrier. Go Talk Wireless wants to stamp out SIM swap fraud at the source.
Could AphyOS be the BlackBerry 10 successor we’ve been waiting for?
I met with representatives of Apostrophy at CES and received a first look at AphyOS — a new privacy-focused, subscription-based mobile OS that is expected launch later this year.
The Apple Watch Ultra is perfect for more than just fitness buffs
The Apple Watch Ultra is positioned as a smartwatch in a class of its own among Apple's smartwatch lineup, and it's in a class of its own amongst all smartwatches. Here's why we love it!
CrackBerry website migration happening this Saturday - DONE
Today is 2/22/22, which has put the number TWO in my head and made me realize it has been a minute or two since I've updated everyone on CrackBerry 2.0 relaunch progress. To fix that, here's an update starting with two exciting things happening this Saturday: 1. CrackBerry Turns 15! February 26, 2022 marks 15 years since CrackBerry.com officially launched. Seriously, where does the...