{"schema_version":"secwatch.filing_event.v1","accession":"0001070235-23-000148","form_type":"8-K","ticker":"BB","cik":"0001070235","company_name":"BLACKBERRY Ltd","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.120410+00:00","generated_at":"2026-06-07T23:49:41.208304+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BlackBerry repays $365M 2020 debentures, issues $150M new convertible notes to Fairfax at 1.75%","bullets":["Repaid $365M principal of 1.75% unsecured convertible debentures due Nov 13, 2023; none converted.","Issued $150M aggregate principal of new 1.75% extendible convertible debentures to Fairfax affiliates on private placement.","New debentures mature Feb 15, 2024 (extendable to May 15, 2024), convertible at $6.00/share, ~64.8% premium to Nov 10 close.","Fairfax, beneficially owning ~8% of BlackBerry shares, will hold up to 11.8% if fully converted; Prem Watsa recused from board vote.","Subsidiaries BlackBerry Corporation and BlackBerry UK Limited guarantee the new debentures on a senior unsecured basis."],"urls":{"canonical":"https://secwatch.observer/filing/0001070235-23-000148","json":"https://secwatch.observer/filing/0001070235-23-000148.json","markdown":"https://secwatch.observer/filing/0001070235-23-000148.md","text":"https://secwatch.observer/filing/0001070235-23-000148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070235/000107023523000148/0001070235-23-000148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070235/000107023523000148/bbry-20231113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:49:41.208304+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"75ec1cff2e6f8a26d24b3148fa1a263361c4221b","claim":"BLACKBERRY Ltd incurred convertible notes of $150 million aggregate principal amount with controlled affiliates of Fairfax Financial Holdings Limited at 1.75% per annum maturing February 15, 2024 (the Initial Maturity Date), with an option to extend to May 15, 2024.","evidence_excerpt":"on November 17, 2023, the Company issued $150 million aggregate principal amount of its 1.75% extendible convertible unsecured debentures (the \"Extension Debentures\") to the Purchasers on a private placement basis","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070235/000107023523000148/0001070235-23-000148-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$150 million aggregate principal amount"},{"label":"Counterparty","value":"controlled affiliates of Fairfax Financial Holdings Limited"},{"label":"Rate","value":"1.75% per annum"},{"label":"Maturity","value":"February 15, 2024 (the Initial Maturity Date), with an option to extend to May 15, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"219b2da30370ae70b1afc1e5f129c6ec7875755f","claim":"BLACKBERRY Ltd entered into Subscription Agreement with certain controlled affiliates of Fairfax Financial Holdings Limited valued at $150 million aggregate principal amount of its 1.75% extendible convertible unsecured debentures (effective 2023-11-13).","evidence_excerpt":"On November 13, 2023, BlackBerry Limited (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with certain controlled affiliates of Fairfax Financial Holdings Limited, as purchasers (the “Purchasers”), pursuant to which, on November 17, 2023, the Company issued $150 million aggregate principal amount of its 1.75% extendible convertible unsecured debentures (the “Extension Debentures”) to the Purchasers on a private placement basis.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070235/000107023523000148/0001070235-23-000148-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain controlled affiliates of Fairfax Financial Holdings Limited"},{"label":"Value","value":"$150 million aggregate principal amount of its 1.75% extendible convertible unsecured debentures"},{"label":"Effective","value":"2023-11-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}