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OpenText Completes $2B Debt Reduction

Author: Benzinga Newsdesk | May 08, 2024 09:07am

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.

Posted In: OTEX TSX:OTEX


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