---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-007718"
form_type: "8-K"
ticker: "BB"
cik: "0001070235"
company_name: "BLACKBERRY Ltd"
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:43:12.839308+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BlackBerry closes $200M private offering of 3.00% Convertible Senior Notes due 2029

## Summary
- Net proceeds ~$194M; $150M to repay 1.75% debentures due Feb 2024, rest for general corporate.
- Initial conversion price ~$3.88 per share; max shares issuable upon conversion is 68,259,386.
- Notes mature Feb 15, 2029; interest 3.00% payable semi-annually starting Aug 15, 2024.
- Company may redeem notes on/after Feb 22, 2027 if stock price >=130% of conversion price for 20 of 30 days.

## SEC filing metadata
- accession: 0001104659-24-007718
- form_type: 8-K
- ticker: BB
- cik: 0001070235
- company_name: BLACKBERRY Ltd
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070235/000110465924007718/0001104659-24-007718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070235/000110465924007718/tm243715d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-007718
- JSON: https://secwatch.observer/filing/0001104659-24-007718.json
- Plain text: https://secwatch.observer/filing/0001104659-24-007718.txt

## Key facts
- Debt Financings
  BLACKBERRY Ltd incurred convertible notes of $200.0 million aggregate principal amount with Computershare Trust Company, National Association at 3.00% per year maturing February 15, 2029.
  - Instrument: convertible notes
  - Principal: $200.0 million aggregate principal amount
  - Counterparty: Computershare Trust Company, National Association
  - Rate: 3.00% per year
  - Maturity: February 15, 2029
  - Event: incurrence
  source text: completed its previously announced private unregistered offering of $200.0 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070235/000110465924007718/0001104659-24-007718-index.htm
- Material Agreements
  BLACKBERRY Ltd entered into Indenture with Computershare Trust Company, National Association valued at $200.0 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029 (effective 2024-01-29).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, National Association
  - Value: $200.0 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029
  - Effective: 2024-01-29
  source text: The Notes were issued under an Indenture (the “Indenture”), dated as of January 29, 2024, by and between the Company and Computershare Trust Company, National Association, as trustee (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070235/000110465924007718/0001104659-24-007718-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.