OpenText reduces aggregate maximum tender amount to $300 million from $450 million
OTEX•OpenText reduced the aggregate maximum tender amount for its offer to buy some of its 3.875% senior notes due 2028 to $300 million from $450 million. It extended the withdrawal deadline to Sept. 30, 2026, and expects to settle accepted bonds on Oct. 2, 2026.
1. Tender offer changes
OpenText amended its tender offer for a portion of its outstanding 3.875% senior notes due 2028, reducing the aggregate maximum tender amount to $300 million from $450 million. The withdrawal deadline is now Sept. 30, 2026, and the settlement date for accepted bonds is expected to be Oct. 2, 2026.
