Open Text Corp Announces $1B Senior Secured Note Offering

What Happened
Open Text Corporation announced on September 23, 2026 that it has priced a debt offering totaling $1.0 billion. The offering consists of $500 million principal amount of 6.700% senior secured notes due 2031 and $500 million principal amount of 7.150% senior secured notes due 2033, sold pursuant to Rule 144A and Regulation S under the Securities Act. The company filed a press release about the pricing as Exhibit 99.1 to the 8-K.

Key Details

• Priced on September 23, 2026 and disclosed in an 8-K (Item 8.01).
• $500 million of 6.700% senior secured notes due 2031.
• $500 million of 7.150% senior secured notes due 2033.
• Offering conducted under Rule 144A and Regulation S; press release filed as Exhibit 99.1.

Why It Matters
This filing documents that Open Text has secured $1 billion of new secured debt with fixed interest rates and long-term maturities, which affects the company’s future interest obligations and capital structure. Investors should note the coupon levels (6.700% and 7.150%) and the 2031 and 2033 maturities when assessing Open Text’s upcoming cash interest requirements and debt profile. The notes are secured and were offered under Rule 144A/Reg S, indicating institutional and international placement channels; the 8-K does not disclose use of proceeds or changes to credit agreements.