Blackberry Patent Sale

[FairFacts]

Blackberry to get $600 million ($450m in cash, $150 in debt). I wonder if they will pay down some or all of the convertible debt to Fairfax? 

 

https://finance.yahoo.com/news/blackberry-sell-patents-related-mobile-125713253.html

[glider3834]

BB can't redeem converts before maturity - it does put BB in a stronger cash position but i think analyst expectation was closer to $1 bil rather than $600 mil - on the flipside they got deal done