Skip to main content

Open Text Corporation

OpenText Cuts Bond Tender Cap to $300M, Extends Deadline

OpenText Cuts Bond Tender Cap to $300M, Extends Deadline

Waterloo, ON – September 25, 2026 -- OpenText Corporation (NASDAQ: OTEX; TSX: OTEX) has slashed the ceiling on its cash tender offer for outstanding 3.875% Senior Notes due 2028 to $300 million from $450 million, while pushing back key deadlines by one day.

OpenText lowers aggregate maximum tender amount by $150 million

The amended terms cut the Aggregate Maximum Tender Amount for the Bonds from $450 million to $300 million aggregate principal amount, according to the company's announcement modifying the Offer to Purchase dated September 23, 2026.

OpenText Prices $1B Notes to Refinance 2027 Debt, Fund Tender Offer

OpenText Prices $1B Notes to Refinance 2027 Debt, Fund Tender Offer

Waterloo – September 24, 2026 -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) has priced $1 billion in senior secured notes, split evenly between $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033.

OpenText locks in $1 billion in fresh secured debt across two maturities

The offering, structured under Rule 144A and Regulation S, is expected to close October 1, 2026, subject to customary conditions. The Notes will carry guarantees from OpenText's existing subsidiary guarantors and co-obligors, secured on the same basis as the company's senior secured credit facilities, term loan credit agreement and its 6.900% Senior Secured Notes due 2027.