Financing ·
Open Text Corporation issued a conditional notice to redeem $1.0 billion principal amount of its outstanding 6.900%…
OTEXOpen Text Corp
Open Text Corporation issued a conditional notice to redeem $1.0 billion principal amount of its outstanding 6.900% Senior Secured Notes due 2027 on October 2, 2026, subject to financing conditions. The company is exploring a potential offering of senior secured notes under Rule 144A and Regulation S to fund the redemption. Additionally, Open Text is seeking to amend its revolving credit agreement to extend maturity. This filing relates to significant debt restructuring activities by a global leader in enterprise data management for AI.