secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001002638-24-000028
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OpenText completes $2B debt reduction using AMC divestiture proceeds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000028/0001002638-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000028/otex-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001002638-24-000028

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