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OPEN TEXT CORP
OpenText has completed the offering of $1 billion in aggregate principal amount of senior secured notes. The proceeds will be used to fully redeem the $1 billion outstanding 6.900% senior secured notes due 2027 and to fund a tender offer for up to $300 million of its 3.875% senior notes due 2028, while also extending its revolving credit facility maturity to October 1, 2031.…more
OPEN TEXT CORP
OpenText has finalized the pricing and results of its cash tender offer for its 3.875% Senior Notes due 2028, accepting up to $300 million in aggregate principal. The offer received $697.563 million in tenders, resulting in a proration factor of 43.047752%, with settlement expected on October 2, 2026. The company intends to fund this purchase and the full redemption of its 2027 Senior Secured Notes using proceeds from a concurrent notes offering and cash on hand.…more
OPEN TEXT CORP
OpenText has amended the terms of its cash tender offer for its 3.875% Senior Notes due 2028. The company reduced the aggregate maximum tender amount from $450 million to $300 million and extended the withdrawal and expiration deadlines to September 30, 2026.…more
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Open Text Reduces Tender Offer Cap for 2028 Senior Notes
Open Text has reduced the aggregate maximum tender amount for its 3.875% senior notes due 2028 from $450 million to $300 million. The company also extended the withdrawal, pricing, and expiration deadlines for the tender offer by one day.…more
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OpenText and Cohere have announced a strategic partnership to provide trusted agentic AI solutions for governments and regulated industries. The collaboration combines OpenText's data management capabilities with Cohere's AI models to support enterprise AI deployment.…more
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