BlackBerry says Fairfax to buy $250 million more debentures - Reuters
Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd's convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed cash. Fairfax is exercising a previously announced option linked to BlackBerry's recent $1 billion debt financing, in which it had initially bought $250 million. Other backers of the initial offering included an arm of Qatar's sovereign wealth fund, Brookfield Asset Management, and Markel Corp. Canso Investment Counsel Ltd had bought $300 million.
9 January 2014•2 mins read
