BlackBerry Announces Completion of Acquisition of Additional U.S. $250 Million Debentures by Fairfax

Source: BlackBerry Press - Press Releases - January 17, 2014 

BlackBerry Announces Completion of Acquisition of Additional U.S. $250 Million Debentures by Fairfax

Waterloo, ON – BlackBerry® Limited (NASDAQ: BBRY; TSX: BB), a world leader in mobile communications, today announced the completion of the purchase by Fairfax Financial Holdings Limited, through its subsidiaries, of an additional U.S. $250 million principal amount of 6% unsecured subordinated convertible debentures of BlackBerry (the “Debentures”).  The additional Debentures were purchased pursuant to the exercise of a previously-announced option that was granted in connection with BlackBerry’s private placement of U.S. $1 billion principal amount of Debentures on November 13, 2013.

About BlackBerry

A global leader in mobile communications, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Asia Pacific and Latin America. The company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.blackberry.com.