Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OPEN TEXT CORP incurred term loan of $3.585 billion with Barclays Bank PLC.
- Instrument
- term loan
- Principal
- $3.585 billion
- Counterparty
- Barclays Bank PLC
- Event
- incurrence
Exact text from the filing
and Barclays Bank PLC, as administrative agent. The Term Loan Credit Agreement provided for a senior secured delayed-draw term loan facility in an aggregate principal amount of $3.585 billion (the “Term Loan Facility”). In connection with the consummation of the Acquisition, on January 31, 2023, the Company drew down the entire Term Loan Facility to pay a portion of
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
OPEN TEXT CORP completed an acquisition involving Micro Focus International PLC for approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments (closed 2023-01-31).
- Action
- acquisition
- Counterparty
- Micro Focus International PLC
- Consideration
- approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments
- Closing
- 2023-01-31
Exact text from the filing
On January 31, 2023, the Company completed the acquisition (the “Acquisition”) of all of the outstanding ordinary shares of Micro Focus for 532 pence per share and upon such further terms as described in the Rule 2.7 Announcement, resulting in an aggregate purchase price of approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments.
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