secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K/A
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001193125-23-096505
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000119312523096505/0001193125-23-096505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000119312523096505/d470365d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-096505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer