The 3% convertible notes are due 2029

Davis Polk advised the initial purchaser in connection with a Rule 144A offering by BlackBerry Limited of $200 million aggregate principal amount of its 3.00% convertible senior notes due 2029, which included $25 million principal amount of notes pursuant to the exercise in full of the initial purchaser’s option to purchase additional notes.

BlackBerry provides intelligent security software and services to enterprises and governments around the world. Based in Waterloo, Ontario, BlackBerry leverages artificial intelligence and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy, and is a leader in the areas of endpoint security, endpoint management, encryption and embedded systems.

The Davis Polk corporate team included partner John B. Meade and associate Dana Sorbi. The equity derivatives team included partners Mark M. Mendez and Caitlin L. Wood, counsel Joseph Luizzi and associate Alexander S. Pettingell. Partner Lucy W. Farr and associate Michael Mirabella provided tax advice. Partner Frank J. Azzopardi and associate Joshua Shirley provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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