Financing ·
Open Text reduces cash tender offer for its 3.875% Senior Notes due 2028 to $300 million from $450 million, extends deadlines by one day
OTEXOpen Text Corp
Open Text Corporation amended the terms of its previously announced cash tender offer for a portion of its outstanding 3.875% Senior Notes due 2028. The company reduced the Aggregate Maximum Tender Amount from $450 million to $300 million in aggregate principal amount. Additionally, Open Text extended key deadlines by one day: the Withdrawal Deadline, Price Determination Date, and Expiration Date are now set for September 30, 2026, at 5:00 p.m., New York City time. The settlement date for accepted bonds is expected to be October 2, 2026. All other terms remain unchanged. Open Text Corporation operates in the enterprise data management and AI software industry.