December 13, 2013 / 1:42 PM / 4 years ago

BlackBerry extends key deadline to boost capital raise

TORONTO, Dec 13 (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 Jan. 13, 2014.

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