Open Text Corporation has closed a $1.0 billion senior secured notes offering split evenly between $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033. The Waterloo, Ontario-based company said it will use the net proceeds, together with cash on hand, to fund the redemption in full of the outstanding $1.0 billion principal amount of its 6.900% Senior Secured Notes due 2027, including the redemption premium, accrued and unpaid interest and related costs, and to fund the consideration for up to $300 million aggregate principal amount of its 3.875% Senior Notes due 2028 accepted in a tender offer. Both transactions are expected to settle on October 2, 2026. OpenText also amended its revolving credit facility, principally to extend its maturity from December 19, 2028 to October 1, 2031. The notes are guaranteed on a senior secured basis by OpenText's existing wholly-owned subsidiaries that guarantee the revolver, its first lien term loan facility and the 2027 notes, and were issued under Rule 144A and Regulation S.
Open Text CorpOpenText closed a $1.0B senior secured notes offering to refinance its 2027 notes and tender for 2028 notes, plus extended its revolver maturity — a debt refinancing/liability-management event.
Compal Electronics Inc
