Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OPEN TEXT CORP amended term loan with Barclays Bank PLC at Term SOFR plus an applicable margin of 2.75% and the SOFR Adjustment.
- Instrument
- term loan
- Counterparty
- Barclays Bank PLC
- Rate
- Term SOFR plus an applicable margin of 2.75% and the SOFR Adjustment
- Event
- amendment
Exact text from the filing
On August 14, 2023, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company’s Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement", and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent. The Term Loan Amendment reduces the Applicable Margin (as defined in the Term Loan Credit Agreement) by 0.75% over the remainder of the Term Loan.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OPEN TEXT CORP amended Term Loan Amendment with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders and subsidiary guarantors party thereto (effective 2023-08-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC, as administrative agent and collateral agent, and the lenders and subsidiary guarantors party thereto
- Effective
- 2023-08-14
Exact text from the filing
On August 14, 2023, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company’s Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement", and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent.
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