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 250 million additional dollars 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.
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