- Prem Watsa's Fairfax Financial has agreed to buy another $250M worth of BlackBerry (BBRY +0.6%) convertible debt. The purchase stems from an option tied to BlackBerry's $1B November convertible debt private placement, which was led by Fairfax. (PR)
- The debt sold through the private placement featured a yield of 6%, and a conversion price of $10/share (17% above current levels).
- BlackBerry had $3.2B in cash/investments at the end of its November quarter, and (thanks to the placement) $994M in debt.
- Yesterday: AT&T promises BlackBerry support, company to focus on keyboard phones
From other sites
Video at CNBC.com (Jun 2, 2015)
Video at CNBC.com (May 26, 2015)
at CNBC.com (May 24, 2015)
at CNBC.com (May 7, 2015)
at CNBC.com (Mar 27, 2015)
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