OpenText to redeem $1.0B of 6.900% 2027 notes, may offer new senior secured notes

OPEN TEXT CORP

Conditional redemption of $1.0B 6.900% Senior Secured Notes due 2027 on Oct 2, 2026, subject to financing condition.
Redemption price is greater of 100% principal or Treasury rate + 50bps discounted value, plus accrued interest.
Exploring Rule 144A/Reg S offering of senior secured notes to fund redemption; remaining proceeds for general corporate purposes.
Seeking amendment to revolving credit agreement to extend maturity; definitive documentation not yet executed.

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