secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2026-09-23T13:20:21+00:00
Accession:  0001002638-26-000077
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000077/0001002638-26-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000077/otex-20260923.htm
  HTML page:      https://secwatch.observer/filing/0001002638-26-000077

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