OpenText Closes $1.0 Billion Senior Secured Notes Offering and Extends Credit Facility

Key Facts

1OpenText closed a $1.0 billion senior secured notes offering split equally between 2031 and 2033 maturities.

2The company extended the maturity of its revolving credit facility from December 2028 to October 2031.

OpenText closed a $1.0 billion senior secured notes offering split equally between 2031 and 2033 maturities. According to a statement via PR Newswire, the notes carry coupons of 6.700% and 7.150%, with the company intending to use the proceeds to fund the redemption of existing debt and cover related refinancing costs.

The company also extended the maturity of its revolving credit facility from December 2028 to October 2031 as part of its broader debt management strategy. OTEX closed at $22.42 on September 30, 2026, having traded within a daily range of $22.25 to $22.62.