secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2026-09-30T22:41:37+00:00
Accession:  0001002638-26-000087
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000087/0001002638-26-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000087/otex-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001002638-26-000087

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