OPEN TEXT CORP — Form 8-K
Filed October 1, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
On October 1, 2026, Open Text Corporation issued $500 million of 6.700% Senior Secured Notes due 2031 under an indenture with Bank of New York Mellon (U.S. Trustee) and Computershare Advantage Trust of Canada (Canadian Trustee). The notes are secured by collateral and guaranteed by subsidiaries. Notes offered initially to qualified institutional buyers under Rule 144A and offshore purchasers under Regulation S. The indenture contains standard covenants including limitations on liens, sale-leaseback transactions, and non-guarantor subsidiary debt, with a change of control put option at 101% if ratings fall below investment grade.
Why this rating
Routine debt issuance, $500M represents ~6% of company's $8.1B market cap. Standard secured note terms with typical covenants. Administrative filing.
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