3 ms·
This PR news release is a little less opaque: http://www.marketwired.com/press-release/blackberry-receives-investment-us-1-billion-from-fairfax-financial-other-
by stygiansonic 13y ago
This PR news release is a little less opaque:
http://www.marketwired.com/press-release/blackberry-receives-investment-us-1-billion-from-fairfax-financial-other-institutional-nasdaq-bbry-1847833.htm http://www.marketwired.com/press-release/blackberry-receives...
Summary:
- $1 billion of convertible debentures, $250 million of which is provided by Fairfax.
- 6% coupon rate, 7-year maturity.
- Convertible to BB shares at a price of $10.00. (If all the debt was converted, it would result in 16% of all common shares outstanding, so a significant potential dilution.)