OpenText issues conditional notice to redeem USD 1 billion notes due 2027 on Oct. 2
Bitget2026/09/22 12:20- OpenText issued a conditional notice to redeem USD 1 billion of 6.900% Senior Secured Notes due 2027 on Oct. 2, 2026.
- Redemption depends on funding, including net proceeds from one or more debt offerings; cash on hand may cover any shortfall.
- Redemption price equals the greater of par or a make-whole amount based on Treasury rate plus 50 basis points, excluding accrued interest.
- Interest stops accruing on the 2027 Notes from the redemption date if the redemption amount is paid.
- OpenText is exploring a Rule 144A/Regulation S senior secured notes offering to finance the redemption.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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