OpenText closes USD 1 billion senior secured notes offering

Bitget2026/10/01 14:10

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OpenText closed a USD 1 billion senior secured notes offering split across two tranches due 2031, 2033.
Deal included USD 500 million 6.700% senior secured notes due 2031, USD 500 million 7.150% senior secured notes due 2033.
Net proceeds, cash on hand earmarked to redeem USD 1 billion 6.900% senior secured notes due 2027.
Funds also to buy back up to USD 300 million of 3.875% senior notes due 2028 via tender offer.
Revolving credit facility amended to extend maturity to Oct. 1, 2031 from Dec. 19, 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Open Text Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610011010PR_NEWS_USPR_____LA61531) on October 01, 2026, and is solely responsible for the information contained therein.

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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OpenText closes USD 1 billion senior secured notes offering

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