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OpenText Corporation has priced a $1 billion offering of senior secured notes to redeem its existing 2027 debt and fund a tender offer for a portion of its 2028 notes.
The company announced the pricing on September 23, 2026, in Waterloo, Ontario.
The new issuance consists of two tranches: $500 million in 6.700% senior secured notes due 2031 and $500 million in 7.150% senior secured notes due 2033.
OpenText intends to use the net proceeds, along with cash on hand, to redeem the full $1.0 billion principal amount of its outstanding 6.900% Senior Secured Notes due 2027.
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