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OTEXBullishCorporate Developmentsnews

High materiality9/10

OpenText launches $300m 2028 notes tender to fund 2027 debt redemption

Sep 30, 2026, 7:54 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Debt reduction and improved capital structure tend to support leverage ratios and cash flow, which can be positive signals for OTEX equity; near-term price move may be limited until new notes pricing is clarified.

AI summary

What happened, with direct paths to the underlying reporting

OpenText announced pricing terms for a cash tender to repurchase up to $300 million of its 3.875% Senior Notes due 2028, with a 43.05% acceptance rate. Proceeds from a concurrent senior secured notes offering will fund the tender and the full redemption of the 6.900% notes due 2027, potentially improving leverage and reducing interest costs over time.

OpenText prices cash tender for up to $300m of 2028 notes.
Tender acceptance prorated to ~43.05%; settlement expected Oct 2, 2026.
Proceeds from concurrent senior secured notes fund redemption of 2027 notes.
OpenText plans to use cash, improving debt profile and leverage.

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