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Actionable news in BBRY: BlackBerry Limited,

BlackBerry to raise $605 mln from shareholder Fairfax, others

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Aug 26 (Reuters) - Troubled smartphone maker BlackBerry Ltd said it would raise about $605 million by selling convertible debentures to shareholder Fairfax Financial Holdings Ltd and other investors.

The Canadian company will also redeem on Sept. 2 roughly $1.25 billion worth of outstanding debentures carrying a coupon of 6 percent, it said on Friday.

The new debt that BlackBerry plans to issue will have a coupon of 3.75 percent and will be due in November 2020.

If all of the...


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