OpenText plans to redeem $1B of 2027 notes by Oct 2, funding via new debt or cash.

OpenText Corporation announced a conditional redemption of $1 billion in 6.9% Senior Secured Notes due 2027, scheduled for October 2, 2026. The redemption depends on securing sufficient funds through new debt offerings or using available cash. This move aims to retire the existing notes early, potentially reducing interest costs and managing debt more efficiently. The company is also exploring issuing new senior secured notes to finance this redemption and support general corporate purposes.

OpenText Corporation has a market cap of $5.61 billion and an enterprise value of $10.63 billion on Pluang as of September 22, 2026, 19:31 WIB. The stock price stands at USD 23.17 with a dividend yield of 4.85%, indicating a steady income for shareholders. The volume traded is 740,492 shares, reflecting active investor interest around the time of the company's announcement on debt redemption and potential new notes issuance.