BlackBerry completes debenture-based debt restructuring

Sep. 07, 2016 4:17 PM ETBlackBerry Limited (BB), BB:CABy: Jason Aycock, SA News Editor16 Comments
  • 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.

Recommended For You

Comments (16)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.