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BlackBerry completes debenture-based debt restructuring

|About: BlackBerry Limited (BB)|By: , SA News Editor

BlackBerry (BBRY) has completed a debt restructuring, news for which the stock underwent a well-publicized halt two weeks ago.

The company wrapped up the redemption of its 6% unsecured convertible debentures, none of which were converted into common shares before redemption.

It also finished a private placement of $605M in 3.75% unsecured convertible debentures to Fairfax Financial and other institutional investors.

Since it announced the restructuring Aug. 26, BBRY shares are down 3.8%. The stock is down 17.2% YTD.