WATERLOO, ON, Nov. 17,
2023 /PRNewswire/ -- BlackBerry Limited (NYSE: BB;
TSX: BB) today confirmed that it has completed its
previously-announced private placement of US$150 million aggregate principal amount of
1.75% extendable convertible unsecured debentures to certain
controlled affiliates of Fairfax Financial Holdings Limited.
The debentures will mature on February 15,
2024, with an option for the parties to extend the maturity
date to May 15, 2024, by mutual
agreement.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security
software and services to enterprises and governments around the
world. The company secures more than 500M endpoints including over 235M vehicles. Based in Waterloo, Ontario, the company leverages AI
and machine learning to deliver innovative solutions in the areas
of cybersecurity, safety, and data privacy solutions, and is a
leader in the areas of endpoint management, endpoint security,
encryption, and embedded systems. BlackBerry's vision is
clear - to secure a connected future you can trust.
Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@blackberry.com
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SOURCE BlackBerry Limited