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BlackBerry Announces Completion of Debt Refinancing
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WATERLOO, ON, Sept. 1, 2020 /PRNewswire/ --BlackBerry Limited (NYSE: BB; TSX: BB) today announced that it completed the redemption of all of its 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") on September 1, 2020. The redemption was announced and a notice of redemption was issued on August 28, 2020. None of the 3.75% Debentures were converted into common shares of BlackBerry prior to redemption.
BlackBerry also announced that it has completed the previously announced private placement of US$365,000,000 aggregate principal amount of 1.75% unsecured convertible debentures to Hamblin Watsa Investment Counsel Ltd., in its capacity as investment manager of Fairfax Financial Holdings Limited and another institutional investor. RBC Capital Markets acted for BlackBerry in the completion of the transaction.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 175M cars on the road today. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security management, encryption, and embedded systems. BlackBerry's vision is clear – to secure a connected future you can trust.
BlackBerry. Intelligent Security. Everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.
who we are blackberry is a mobile-native software and services company dedicated to securing the enterprise of things. blackberry secure software provides the embedded intelligence for the enterprise of things so that the internet of things can thrive. what we do today’s blackberry is a software company with a standard of security for managing the network of mobile and wearable devices, desktops and laptops, and other endpoints within enterprises. in addition to developing and providing applications, our blackberry secure platform enables enterprises and independent developers to create applications for smartphones, medical devices, connected cars, consumer appliances and industrial machinery, and much more. the result is a secure enterprise of things where enterprise customers can transform their organizations for 360-degree secure mobility and have complete confidence in their endpoint management. blackberry secure applications are showing up in every industry where secure mobile com
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