OpenText launches senior secured notes offering to redeem $1B 2027 notes and tender up to $450M 2028 notes

OPEN TEXT CORP

Proposed notes offering will fund redemption in full of $1.0B 6.900% Senior Secured Notes due 2027 plus premium.
Tender offer for 3.875% Senior Notes due 2028 up to $450M aggregate; spread +50 bps over 4.250% UST due 2028.
Withdrawal and price determination deadline September 29, 2026; settlement expected October 2, 2026.
Tender offer conditioned on financing from the notes offering; RBC and Citigroup act as dealer managers.
Proceeds also used for general corporate purposes; terms subject to market conditions.

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