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OpenText Completes Repricing of Term Loan

Newswire.ca - Mon Aug 14, 2023

WATERLOO, ON, Aug. 14, 2023 /CNW/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX) (OpenText or the Company) today announced that it executed an amendment to its term loan facility due 2030 (the Term Loan). Under the amendment, the applicable interest rate margin on the Term Loan has been reduced 75 basis points and, as such, borrowings under the Term Loan currently bear a rate of interest equal to Term SOFR plus the SOFR adjustment and applicable margin of 2.75%.

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