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BlackBerry closes debt restructuring

Connectivity BusinessbyConnectivity Business
September 8, 2016
in Financing
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Canadian handset maker BlackBerry has completed the private placement of US$605m by selling convertible debentures to shareholder Fairfax Financial Holdings and other institutional investors. In late August, the vendor said that these debentures would be convertible into BlackBerry common shares at US$10 apiece, maturing on 13 November 2020, equating to an 11.57% stake in Blackberry. Canadian handset maker BlackBerry (TSX:BB) has […]

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