OPEN TEXT CORP (OTEX): debt financing — Open Text extends revolver maturity to Dec 2028; replaces borrower entity

OPEN TEXT CORP

Maturity of $750M revolver extended to Dec 19, 2028 from Oct 31, 2024.
Open Text Inc. replaces Open Text Holdings, Inc. as borrower under the facility.
10-basis-point SOFR credit spread adjustment removed; extension fee 0.10% paid to consenting lenders.
Amendment effective Dec 19, 2023; all lenders with 100% of commitments consented.

item 1.01 item 2.03 item 9.01

Key facts

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 credit facility with Barclays Bank PLC maturing December 19, 2028.

Instrument: credit facility
Counterparty: Barclays Bank PLC
Maturity: December 19, 2028
Event: amendment

Exact text from the filing

The Second Amendment amends the Revolver to provide for, among other things, (i) the replacement of OTHI with Open Text Inc. as borrower, (ii) the extension of the Revolver's maturity date from October 31, 2024 to December 19, 2028, and (iii) the removal of the 10-basis point credit spread adjustment for loans bearing interest based on SOFR.

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Source: SEC EDGAR

accession 0001193125-23-301178

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