BlackBerry (BBRY) Completes 6% Debentures Redemption, Conv. Debenture Private Placement

September 7, 2016 2:47 PM EDT

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BlackBerry Limited (Nasdaq: BBRY) 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

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