Open Text Corporation reports news about enterprise data management, secure information management for AI, cloud services and capital allocation. Company updates commonly cover financial results, cloud revenue and annual recurring revenue, sovereign cloud offerings for regulated European organizations, and partnerships that place OpenText products on hyperscaler cloud infrastructure.
OpenText news also includes portfolio actions such as the completed Vertica divestiture, capital allocation through share repurchase authorizations and dividends, leadership changes, and research on AI governance and cybersecurity foundations.
OpenText (OTEX) has closed a $1.0 billion senior secured notes offering and extended the maturity of its revolving credit facility.
The offering comprises $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033. The revolving facility's maturity moved from December 19, 2028 to October 1, 2031, subject to its terms. OpenText intends to use net proceeds and cash on hand to redeem all $1.0 billion of its 6.900% secured notes due 2027, including a redemption premium, interest and related costs, and purchase up to $300 million principal amount of its 3.875% notes due 2028 through a tender offer. Both are expected to settle on October 2, 2026.
OpenText (OTEX) announced pricing and results for its cash tender offer to purchase $300 million principal amount of notes. Holders tendered $697,563,000 of its 3.875% Senior Notes due 2028. OpenText will accept $300 million, applying a 43.047752% proration factor to limit purchases. The price is $981.71 per $1,000 principal amount, plus accrued and unpaid interest.
OpenText expects settlement on October 2, 2026. It expects its concurrent senior secured notes offering to close October 1 and intends to use the net proceeds and cash on hand to fund the tender purchase and full redemption of its 6.900% Senior Secured Notes due 2027. Both are expected to settle October 2. The redemption remains subject to a financing condition.
OpenText (OTEX) reduced its cash tender offer cap for its 3.875% senior notes due 2028 to $300 million on September 25, 2026.
The previous cap was $450 million in aggregate principal amount. The withdrawal and expiration deadlines are now 5:00 p.m., New York City time, on September 30, 2026, rather than September 29. The price determination date moves to 3:00 p.m. that same day. Settlement for notes tendered by expiration and accepted for purchase is expected on October 2, 2026.
OpenText intends to fund purchases with cash on hand and proceeds from its previously priced concurrent senior secured notes offering. The offer’s other terms, including its financing condition, remain unchanged.
OpenText (OTEX) priced $1 billion of senior secured notes on September 23, 2026, for planned debt refinancing. The offering comprises $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033. OpenText intends to combine the net proceeds with cash on hand to redeem all $1.0 billion of its 6.900% notes due 2027 and buy up to $450 million principal amount of its 3.875% notes due 2028 through a tender offer. OpenText may change the tender limit.
The offering is expected to close October 1, 2026, subject to customary conditions. Both the planned redemption and the tender offer have financing conditions. The new notes and their guarantees will be secured on the same basis as OpenText's existing secured credit facilities, term loan agreement and 2027 notes.
OpenText (OTEX) has launched, subject to market and customary conditions, a proposed offering of senior secured notes under Rule 144A and Regulation S.
The new notes will be guaranteed and secured on the same senior secured basis as OpenText’s existing credit facilities, term loan and 6.900% Senior Secured Notes due 2027. Net proceeds are intended to fund the full redemption of the outstanding $1.0 billion principal amount of the 2027 Notes, including premiums, interest and related costs, and to fund all or part of the consideration for 3.875% Senior Notes due 2028 accepted in a tender offer, up to $450 million principal amount, plus accrued interest and related expenses. Any remaining proceeds will be used for general corporate purposes, and there is no assurance the redemption or tender will occur as described.
OpenText (OTEX) has launched a cash tender offer to buy up to $450 million aggregate principal amount of its outstanding 3.875% Senior Notes due 2028. The notes have $900 million aggregate principal outstanding and the tender price will be based on a fixed spread of 50 basis points over the yield of the 4.250% U.S. Treasury due February 15, 2028, determined at 3:00 p.m. New York City time on September 29, 2026. The offer expires at 5:00 p.m. New York City time on September 29, 2026, with settlement expected on October 2, 2026. Completion is subject to a financing condition tied to a proposed Rule 144A/Reg S senior secured notes offering sufficient to redeem $1.0 billion of 6.900% Senior Secured Notes due 2027 and fund a material portion of the tendered 2028 notes.
OpenText (OTEX) has issued a conditional notice to redeem all $1.0 billion of its outstanding 6.900% Senior Secured Notes due 2027 on October 2, 2026, subject to a financing condition.
The redemption price will be the greater of 100% of principal or a make-whole amount based on the present value of remaining payments at the applicable treasury rate plus 50 basis points, less accrued interest, plus accrued and unpaid interest to (but excluding) the redemption date. OpenText is exploring a potential Rule 144A/Regulation S senior secured notes offering and expects to use net proceeds to fund the redemption, premiums, interest and related costs, with any remaining proceeds for general corporate purposes, including repurchase or repayment of other debt.
OpenText (OTEX) and Cohere announced a strategic partnership to combine OpenText's enterprise data and context layer with Cohere's North agentic AI platform and models for governments and regulated industries.
The joint solution, expected to reach clients in early 2027, aims to let organizations build and deploy agentic AI on-premises or in private, public, or sovereign clouds. The partnership includes product co-development, integration of Cohere into OpenText Aviator AI agents, coordinated go-to-market activities, and a reseller relationship via OpenText's SOLEX program.
OpenText (NASDAQ/TSX: OTEX) reported Q4 FY26 revenues of $1.349 billion, up 2.9% year over year, with cloud services and subscriptions at $503 million, up 6.0%. Q4 GAAP net income was $156 million and non-GAAP net income was $299 million, with adjusted EBITDA of $507 million (37.6% margin). Free cash flow was $122 million.
For FY26, revenues were $5.246 billion, up 1.5%, with cloud revenues of $1.959 billion, up 5.5%, and ARR of $4.246 billion, up 1.3%. GAAP net income reached $643 million (12.3% margin) and adjusted EBITDA $1.903 billion (36.3% margin). Capital returns totaled a record $677 million, including $409 million of share repurchases and $268 million in dividends, alongside a 5% dividend per share increase.
The Board declared a quarterly dividend of $0.28 per share and renewed a share repurchase plan and TSX normal course issuer bid authorizing purchases of up to 23,846,439 common shares (10% of public float) from August 12, 2026 to August 11, 2027.
Marquis Who's Who has honored Haley Wen, MBA, principal of Heritage International Capital, for leadership in global investment, strategic capital development and cross-border finance. Heritage International Capital reports a proprietary investment pipeline above $1.3 billion and over $150 million in financing term sheets secured within three months through a network of more than 20 investment partners, advisors and capital providers.
Wen leads investment strategy, operations and institutional partnerships, structuring multi-jurisdictional entities with integrated AML, compliance and risk management. Her past roles include M&A work at OpenText (NASDAQ: OTEX) on four completed deals, including a roughly $6 billion acquisition, and cross-border expansion at Han's Laser contributing to a 20% increase in international sales.