Opentext completes notes offering and term loan amendment as part of micro focus acquisition financing

Waterloo, on , dec. 1, 2022 /prnewswire/ -- opentext™ (nasdaq: otex), (tsx: otex) announced today that, in connection with its proposed acquisition (the "acquisition") of micro focus international plc ("micro focus"), open text corporation (the "company" or "opentext") has closed its offering (the "notes offering") of us$1 billion principal amount of 6.90% senior secured fixed rate notes due 2027 (the "notes") and executed an amendment to its first lien term loan facility due 2029 (the "term loan"). as a result, the entire previously announced us$4.585 billion aggregate debt financing package for the acquisition is now finalized, and, as such, all commitments under the bridge loan agreement related to the acquisition have been correspondingly terminated undrawn.
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