WATERLOO, ON, Sept. 1, 2020 /PRNewswire/ — BlackBerry Restricted (NYSE: BB; TSX: BB) at this time introduced that it accomplished the redemption of all of its three.75% unsecured convertible debentures (TSX: BB.DB.V) (the “three.75% Debentures”) on September 1, 2020. The redemption was introduced and a discover of redemption was issued on August 28, 2020. Not one of the three.75% Debentures had been transformed into frequent shares of BlackBerry previous to redemption.
BlackBerry additionally introduced that it has accomplished the beforehand introduced non-public placement of US$365,000,000 mixture principal quantity of 1.75% unsecured convertible debentures to Hamblin Watsa Funding Counsel Ltd., in its capability as funding supervisor of Fairfax Monetary Holdings Restricted and one other institutional investor. RBC Capital Markets acted for BlackBerry within the completion of the transaction.
BlackBerry (NYSE: BB; TSX: BB) gives clever safety software program and providers to enterprises and governments around the globe. The corporate secures greater than 500M endpoints together with over 175M automobiles on the highway at this time. Based mostly in Waterloo, Ontario, the corporate leverages AI and machine studying to ship revolutionary options within the areas of cybersecurity, security and information privateness options, and is a pacesetter within the areas of endpoint safety administration, encryption, and embedded techniques. BlackBerry’s imaginative and prescient is obvious – to safe a related future you may belief.
BlackBerry. Clever Safety. In all places.
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BlackBerry Media Relations
SOURCE BlackBerry Restricted