OpenText accepts $300M of 3.875% 2028 notes in oversubscribed tender; proration 43.05%

OPEN TEXT CORP

Tender for 3.875% Senior Notes due 2028 oversubscribed: $697.563M tendered vs. $300M maximum; company accepts $300M with proration factor 43.047752%.
Tender Offer Consideration: $981.71 per $1,000 principal; reference yield 4.773% (+50 bps over 4.250% U.S. Treasury due Feb 15, 2028); settlement expected Oct 2, 2026.
OpenText expects to close concurrent senior secured notes offering on Oct 1, 2026; net proceeds plus cash on hand will fund redemption of all 6.900% Senior Secured Notes due 2027 and the tender.
RBC Capital Markets and Citigroup are dealer managers; Global Bondholder Services is tender and information agent. Redemption of 2027 notes includes premium, accrued interest, costs.

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