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BlackBerry aims to raise US$605m in debenture deals

Connectivity BusinessbyConnectivity Business
August 29, 2016
in Financing
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Canadian handset maker BlackBerry aims to raise some US$605m by selling convertible debentures to shareholder Fairfax Financial Holdings and other institutional investors. BlackBerry executive chair and CEO John Chen said restructuring the company’s convertible debt “will enable us to significantly reduce our interest expense and potential future dilution for our shareholders”.  Canadian handset maker BlackBerry (TSX:BB) aims to […]

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