---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-26-000087"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2026-09-30T22:41:37+00:00"
generated_at: "2026-10-12T14:12:04.080685+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001002638-26-000087
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2026-09-30T22:41:37+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263826000087/0001002638-26-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263826000087/otex-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-26-000087
- JSON: https://secwatch.observer/filing/0001002638-26-000087.json
- Plain text: https://secwatch.observer/filing/0001002638-26-000087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.