- BlackBerry’s restructuring efforts save the company $156 million in interest payments that would have been due over the next 3 years.
- Move improves BlackBerry’s balance sheet.
- It’s primary creditor lending at a lower interest rate, goes to show that the company offers a reduced amount of risk, now.
BlackBerry (NSDQ:BBRY) completed its debt restructuring earlier this month, but ever since the announcement for the same was made, the stock price of the smartphone vendor has collapsed by about 10%. A few investing and trading forums are abuzz with discussions over whether this is a positive event or a negative one for the company. So lets take a closer look at the development to have a better understanding of it all.
Whats t…
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