OpenText cuts maximum tender offer for 3.875% 2028 notes to $300 million

By Public Technologies
  • OpenText amended a cash tender offer for its outstanding 3.875% Senior Notes due 2028.
  • Aggregate maximum tender amount cut to $300 million from $450 million.
  • Withdrawal deadline, price determination date, expiration date extended to Sept. 30.
  • Settlement for accepted tenders expected Oct. 2 on a T+2 basis.
  • Funding planned from cash on hand, backed by proceeds from a concurrent senior secured notes offering.


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