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TORONTO, Dec 13 (Reuters) – BlackBerry Ltd, which recently completed an offering of $ 1 billion in convertible debt, said it agreed with bondholders to extend the term of an option being in the business, giving potential investors the chance to buy an additional $ 250 million in convertible debt.
ailing smartphone maker last month abandoned plans to sell and opted to raise funds through an offering of $ 1 billion in notes, led by Fairfax Financial Holdings, its largest shareholder.
In a brief statement late on Thursday, said that the BlackBerry option to purchase an additional $ 250 million in convertible debentures, as part of the offer will be extended to January 13, 2014. (By Euan Rocha)
Copyright Thomson Reuters 2011
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