secwatch.observer — SEC 8-K summary
======================================

Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2026-09-25T12:01:52+00:00
Accession:  0001002638-26-000082
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

OpenText cuts tender cap for 3.875% notes due 2028 to $300M from $450M; deadlines pushed to Sept 30
--------------------------------------------------------------------------------

- Aggregate Maximum Tender Amount for the 3.875% Senior Notes due 2028 reduced to $300 million principal from $450 million; all other terms, including the Financing Condition, unchanged.
- Withdrawal Deadline, Price Determination Date and Expiration Date each extended to 5:00 p.m./3:00 p.m. New York City time on September 30, 2026, from September 29, 2026.
- Settlement Date for bonds validly tendered and accepted is expected October 2, 2026 (T+2); offer made under Offer to Purchase dated September 23, 2026.
- Consideration to be funded with cash on hand plus proceeds from the previously announced and priced concurrent senior secured notes offering.
- RBC Capital Markets and Citigroup Global Markets serve as Dealer Managers; Global Bondholder Services Corporation is Tender and Information Agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000082/0001002638-26-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000082/otex-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001002638-26-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer