Opentext completes $2 billion debt reduction

Waterloo, on , may 8, 2024 /prnewswire/ -- open text corporation (nasdaq: otex), (tsx: otex) today announced that, as previously indicated, it completed its $2 billion debt reduction using the net proceeds from its amc divestiture, which reflects $940 million paid to terminate the company's term loan b due 2025 and $1.06 billion to reduce amounts outstanding under its acquisition term loan due 2030. please see investors.opentext.com for more information about the company.
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