---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-096505"
form_type: "8-K/A"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-04-10T23:59:59+00:00"
generated_at: "2026-06-17T03:58:40.676669+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OpenText closes Micro Focus acquisition; pro forma net loss of $485M for H1 FY2023

## Summary
- Pro forma combined revenues: $3.0B for H1 Dec 2022, $6.2B for FY2022.
- Pro forma net loss (attributable to OpenText): $484.8M for H1; net income $230.3M for FY2022.
- Pro forma diluted EPS: ($1.80) for H1; $0.85 for FY2022 (vs. standalone OpenText $1.46).
- Total purchase price ~$6.1B; funded by $3.585B term loan, $1B 6.90% notes due 2027, and $450M revolver.
- Micro Focus' $3.9B debt repaid; combined long-term debt $8.6B at Dec 31, 2022.

## SEC filing metadata
- accession: 0001193125-23-096505
- form_type: 8-K/A
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-04-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000119312523096505/0001193125-23-096505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000119312523096505/d470365d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-096505
- JSON: https://secwatch.observer/filing/0001193125-23-096505.json
- Plain text: https://secwatch.observer/filing/0001193125-23-096505.txt

## Key facts
- M&A Transactions
  OPEN TEXT CORP completed an acquisition involving Micro Focus International Limited for 532 pence per share in cash, resulting in an aggregate purchase price of approximately $5.8 billion.
  - Action: acquisition
  - Counterparty: Micro Focus International Limited
  - Consideration: 532 pence per share in cash, resulting in an aggregate purchase price of approximately $5.8 billion
  source text: a provider of software technology and services that help customers accelerate digital transformation, through a subsidiary of the Company, Open Text UK Holding Limited, for 532 pence per share in cash, resulting in an aggregate purchase price of approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments (the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000119312523096505/0001193125-23-096505-index.htm

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