BlackBerry closes US$1 billion convertible debenture financing

Fasken Martineau represented Mackenzie Financial Corporation, in its capacity as trustee and manager of various funds, in connection with BlackBerry Ltd.’s US $1 billion convertible debenture financing. The private placement financing closed on November 13 and Mackenzie Financial Corporation, as trustee and manager of various funds, purchased US $200 million of the convertible debentures for various of its managed funds. The debenture purchasers have the option to purchase up to an additional US $250 million of convertible debentures within 30 days following the November 13 private placement closing. If the option is fully exercised, the total size of the debenture financing would be US $1.25 billion. The team of Fasken Martineau lawyers representing Mackenzie Financial Corporation was led by Stephen Erlichman and included John Kruk and Daniel Batista (securities).