secwatch.observer — SEC 8-K summary
======================================

Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001193125-23-301178
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000119312523301178/0001193125-23-301178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000119312523301178/d482463d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-301178

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