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Fairfax to provide additional BlackBerry funding
Posted: 09-Jan-2014 [Source: BlackBerry]

[BlackBerry announced that Fairfax Financial will provide an additional $250M by January 16.]

Waterloo, Ontario -- BlackBerry® Limited (NASDAQ:BBRY; TSX:BB), a world leader in mobile communications, announced today that Fairfax Financial Holdings Limited has agreed to purchase, through its subsidiaries, an additional $250,000,000 principal amount of 6% unsecured subordinated convertible debentures of BlackBerry (the “Debentures”). The additional Debentures will be purchased pursuant to the exercise of a previously-announced option that was granted in connection with BlackBerry’s private placement of $1 billion principal amount of Debentures on November 13, 2013, and the transaction will be completed on or before January 16, 2014.

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