OpenText Announces Pricing of Senior Secured Notes Offering to Redeem its Outstanding 2027 Notes and Fund Tender Offer for a Portion of its Outstanding 2028 Notes
Why now
Thesis: Liability management trade-off for OpenText
Catalyst to watch: Tender results and rating agency response
Main risk: Higher coupon raises interest expense
Why it matters
Refinancing 2027 notes and tendering 2028 notes extends maturities but adds 6.7% secured debt cost.
Details
WATERLOO, ON, Sept. 23, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) today announced that it has priced an offering (the "Notes Offering") of $500 million principal amount of 6.700% senior secured notes due 2031 and $500 million...
Sources
- prnewswire · 2026-09-23 21:20 UTC