BlackBerry announces proposed $160M convertible senior notes offering due 2029

BLACKBERRY Ltd

Offering of $160M Convertible Senior Notes due 2029; initial purchasers have option to buy additional $25M.
Net proceeds primarily to repay/repurchase $150M of 1.75% extendible convertible debentures due Feb 2024; remainder for general corporate purposes.
Notes are unsecured senior obligations ranking above existing debentures; maturity Feb 2029; interest rate and conversion rate to be set at pricing.
Closing subject to customary conditions, including Toronto Stock Exchange approval.

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