Financing ·
Open Text prices $1 billion of senior secured notes due 2031 and 2033 to redeem existing debt
OTEXOpen Text Corp
Open Text Corporation priced an offering of $500 million principal amount of 6.700% senior secured notes due 2031 and $500 million principal amount of 7.150% senior secured notes due 2033 on September 23, 2026. The company intends to use the net proceeds, combined with cash on hand, to redeem in full the outstanding $1.0 billion principal amount of its 6.900% Senior Secured Notes due 2027 and to fund a tender offer for up to $450 million of its 3.875% Senior Notes due 2028. The offering is expected to close on October 1, 2026. Open Text Corporation operates in the enterprise data management and AI software industry.