secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2026-10-01T20:16:16+00:00
Accession:  0001002638-26-000091
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

OpenText completes $1.0 billion senior secured notes offering and extends revolver maturity to 2031
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- OpenText issued $500M of 6.700% senior secured notes due 2031 and $500M of 7.150% senior secured notes due 2033, totaling $1.0B.
- Net proceeds plus cash will redeem all $1.0B of 6.900% senior secured notes due 2027 and fund a tender offer for up to $300M of 3.875% senior notes due 2028.
- The third amendment to OpenText's revolver extends maturity from December 19, 2028 to October 1, 2031.
- The notes are guaranteed on a senior secured basis by existing wholly-owned subsidiaries and secured on the same basis as the revolver, term loan, and 2027 notes.
- The transactions are expected to settle on October 2, 2026; the notes were issued under Rule 144A and Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000091/0001002638-26-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000091/otex-20261001.htm
  HTML page:      https://secwatch.observer/filing/0001002638-26-000091

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