OpenText launches senior secured notes offering to refinance USD 1 billion debt due 2027

OpenText launched a senior secured notes offering under Rule 144A and Regulation S, subject to market conditions.

Proceeds are earmarked to redeem in full USD 1 billion of 6.9% Senior Secured Notes due 2027.

Funds are also set to finance a tender offer for up to USD 450 million of 3.875% Senior Notes due 2028.

Any remaining proceeds will be allocated to general corporate purposes.