---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-24-000028"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:23:36.555106+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OpenText completes $2B debt reduction using AMC divestiture proceeds

## Summary
- Repaid $940M to terminate Term Loan B due 2025.
- Reduced $1.06B on Acquisition Term Loan due 2030.
- Total debt reduction of $2 billion from AMC sale net proceeds.

## SEC filing metadata
- accession: 0001002638-24-000028
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000028/0001002638-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000028/otex-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-24-000028
- JSON: https://secwatch.observer/filing/0001002638-24-000028.json
- Plain text: https://secwatch.observer/filing/0001002638-24-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.