BlackBerry extends key deadline to boost capital raise

TORONTO Fri Dec 13, 2013 7:18pm IST

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TORONTO (Reuters) - BlackBerry Ltd (BBRY.O), which recently concluded a $1 billion convertible debt offering, said it has agreed with its debtholders to extend an option deadline attached to the deal, giving potential investors a chance to buy up to a further $250 million in convertible debt.

The struggling smartphone maker last month shelved plans to sell itself and instead opted to raise funds via a $1 billion notes offering led by Fairfax Financial Holdings (FFH.TO), its largest shareholder.

In a brief statement late on Thursday, BlackBerry said the earlier announced investor option to purchase up to an additional $250 million of convertible debentures, as part of the offering, has now been extended to January 13, 2014.

(Reporting by Euan Rocha; Editing by Chizu Nomiyama)

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