TORONTO (Reuters) – BlackBerry Ltd, 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, 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.
BlackBerry, which reports quarterly results next Friday, has been in quiet period since the closing of the initial offering.
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