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Fairfax acquires 1.75% convertible debentures of BlackBerry Limited after redemption of existing convertible debentures

Date Closed

September 01, 2020

Lead Office

Toronto

Value

330.00 Million USD

On September 2, 2020 Fairfax Financial Holdings Limited announced that it had acquired, through it subsidiaries, ownership and control of US$330 million aggregate principal amount of 1.75% unsecured subordinated convertible debentures maturing on November 13, 2023 of BlackBerry Limited representing approximately 90% of BlackBerry's private placement of an aggregate principal amount of US$365 million of Debentures.

Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

McCarthy Tétrault advised Fairfax Financial Holdings with a team led by Deandra Schubert that included Ian Mak, Stefanie Morand and Judy Tian.

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