OpenText Extends Tender Offer for Senior Notes

WATERLOO, ON, Sept. 25, 2026 /CourierPR/ -- OpenText Corporation, a global leader in data management for enterprise AI, has announced significant amendments to its previously announced cash tender offer for its outstanding 3.875% Senior Notes due 2028 (the "Bonds"). The tender offer, which was initially announced on September 23, 2026, is being made on the terms and subject to the conditions set forth in the related Offer to Purchase dated September 23, 2026, as modified by this press release.

Under the amended terms, the Company has reduced the "Aggregate Maximum Tender Amount" for its outstanding Bonds from $450 million to $300 million aggregate principal amount. Additionally, the Company has extended several key dates associated with the tender offer: the Withdrawal Deadline has been extended to 5:00 p.m., New York City time, on September 30, 2026; the Price Determination Date has been extended to 3:00 p.m., New York City time, on September 30, 2026; and the Expiration Date has been extended to 5:00 p.m., New York City time, on September 30, 2026. The Settlement Date for Bonds validly tendered at or prior to the Expiration Date and accepted for purchase is expected to be October 2, 2026, the second business day after the Expiration Date ("T+2").

The tender offer is not being made to Holders of the Bonds in any jurisdiction in which the offer, acceptance, or sale would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. The senior secured notes and the related guarantees were offered in the United States pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

This tender offer is part of OpenText's ongoing strategy to optimize its capital structure and align its debt obligations with its strategic goals. The amendments to the tender offer terms reflect the Company's commitment to providing a fair and transparent process for Bondholders to consider accepting the tender offer's terms. The tender offer is expected to conclude on the extended Expiration Date of September 30, 2026, and the outcome will determine the future of the outstanding Bonds.

OpenText Corporation, a global leader in data management for enterprise AI, has taken significant steps to optimize its capital structure and align its debt obligations with its strategic goals. The amendments to the tender offer for its outstanding 3.875% Senior Notes due 2028 reflect the company's commitment to providing a fair and transparent process for Bondholders to consider accepting the tender offer's terms. The tender offer, which was initially announced on September 23, 2026, has been extended to ensure that all Bondholders have ample time to consider the offer and make their decisions. The outcome of the tender offer is expected to determine the future of the outstanding Bonds.