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Prem Watsa ups his stake in BlackBerry by 117.99%

BlackBerry completed its debt refinancing Tuesday, which left Fairfax Financial holding 90% of new 1.75% BlackBerry convertible debt. On the same day, Billionaire investor Prem Watsa, leader of Fairfax Financial Holdings, upped his stake in BlackBerry by 117.99%.

Financial BlackBerry

·4 years ago

Fairfax holds 90% of new 1.75% BlackBerry convertible debt

Fairfax Financial Holdings (Fairfax) has acquired control of $330M of 1.75% subordinated convertible debentures issued by BlackBerry, representing 90% of BlackBerry's private placement of $365M of the debentures that closed.

Financial BlackBerry

·4 years ago

BlackBerry Provides Further Details of Proposed Debt Refinancing

BlackBerry has provided further details regarding the proposed refinancing of its outstanding US$605 million principal amount of 3.75% unsecured convertible debentures, which mature on November 13, 2020. BlackBerry announced the proposed refinancing on July 22, 2020, and intends to complete the transaction on September 1, 2020.

Financial BlackBerry

·4 years ago

Prem Watsa ups his stake in BlackBerry by 117.99%

Fairfax holds 90% of new 1.75% BlackBerry convertible debt

BlackBerry Provides Further Details of Proposed Debt Refinancing

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