---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-301178"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:39:55.583871+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Open Text extends revolver maturity to Dec 2028; replaces borrower entity

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-301178
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000119312523301178/0001193125-23-301178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000119312523301178/d482463d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-301178
- JSON: https://secwatch.observer/filing/0001193125-23-301178.json
- Plain text: https://secwatch.observer/filing/0001193125-23-301178.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000119312523301178/0001193125-23-301178-index.htm

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