Transaction|September 7, 2016
BlackBerry completes debt restructuring
Torys acted as counsel to BlackBerry with a team that included David Chaikof, Glen Johnson, Tom Zverina, Stephen Abrahamson, Adrienne Love, Simonne Horwitz and Rob Shaw (Canadian corporate/securities), Andy Beck, Mile Kurta and Chris Bornhorst (U.S. corporate/securities).
On September 7, 2016, BlackBerry Limited (BlackBerry) announced that it completed the redemption of US$1.245 billion of its 6% unsecured convertible debentures. BlackBerry also announced the completion of the previously announced private placement of US$605 million 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.
BlackBerry is a global leader in secure mobile communications, securing a connected world and delivering innovative solutions across the entire mobile ecosystem and beyond.
Further information can be found on BlackBerry's website.