OPEN TEXT CORP — Form 8-K
Filed September 23, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 38/100
What the filing says
OpenText Corporation priced a $1 billion senior secured notes offering: $500M of 6.700% notes due 2031 and $500M of 7.150% notes due 2033. Proceeds will redeem the full $1.0B outstanding 2027 Notes (6.900% due 2027) and fund a tender offer for up to $450M of its 2028 Notes (3.875% due 2028). Closing expected October 1, 2026.
Why this rating
Refinancing routine debt management (~1.2% of $8.1B market cap); extends maturities but higher coupons; no new capital, M&A, or operations changes.
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