Open Text to Launch Offering of Senior Secured Notes

09:59 AM EDT, 09/23/2026 (MT Newswires) -- OpenText (OTEX.TO) has launched a proposed offering of senior secured notes to redeem certain notes. Notes under the offering will be guaranteed on a senior secured basis by OpenText subsidiaries that are guarantors or co-obligors under its senior secured credit facilities, term loan credit agreement and its 6.900% senior secured notes due 2027, the company said Wednesday. OpenText plans to use the proceeds to fully redeem the outstanding CA$1.0 billion in its 2027 notes, and fund a tender offer for a portion of its outstanding 3.875% senior notes due 2028 up to CA$450 million. OpenText said the exact timing, size and terms of the proposed offering are subject to market conditions and other factors. Price: 32.51, Change: +0.15, Percent Change: +0.46