OpenText Announces Pricing Terms and Results for $300M Bond Tender Offer
On September 30, 2026, Open Text Corporation (NASDAQ: OTEX) announced the pricing terms and results of its tender offer to repurchase up to $300 million in aggregate principal amount of its outstanding 3.875% Senior Notes due 2028. The Tender Offer Consideration was determined based on a fixed spread over the yield to maturity derived from the bid side price of the reference U.S. Treasury Security, which was set at +50 basis points for the 4.250% U.S. Treasury due February 15, 2028. The resulting tender offer consideration per $1,000 principal amount is $981.71. As of the expiration date on September 30, holders had tendered a total of $697.56 million in bonds, significantly exceeding the maximum intended repurchase amount. A proration factor will be applied to determine how much each holder receives.
Tickers: $OTEX
Topics: bond tender offer financial strategy Open Text Corporation