OpenText Completes $1.0 Billion Senior Secured Notes Offering
Key Highlights
- ➤OpenText (OTEX) closes $1.0 billion senior secured notes offering
- ➤$500 million 6.700% notes due 2031 issued
- ➤$500 million 7.150% notes due 2033 issued
- ➤Revolver maturity extended from December 19, 2028 to October 1, 2031
- ➤Proceeds fund redemption of $1.0 billion 6.900% 2027 notes and up to $300 million 2028 notes purchases
OpenText Completes $1.0 Billion Senior Secured Notes Offering PR Newswire
WATERLOO, ON, Oct. 1, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) announced today that it has closed its offering (the "Notes Offering") of $500 million aggregate principal amount of 6.700% senior secured notes due 2031 and $500 million aggregate principal amount of 7.150% senior secured notes due 2033 (together, the "Notes"). The Company further announced it executed an amendment to its revolving credit facility (the "Revolver") principally to extend the maturity of the Revolver from December 19, 2028 to October 1, 2031, subject to certain terms as specified under the Revolver.
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