Every material Form 8-K OPEN TEXT CORP has filed with the SEC since September 30, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
OpenText reported first-quarter fiscal 2027 results for the quarter ended September 30, 2026, with total revenues of $1.237 billion, down 4.0% from a year earlier, while GAAP diluted EPS rose to $0.64 from $0.58. The Board also declared a $0.28 per share dividend, and the company said that after the quarter it completed a $1.0 billion debt refinancing and paid down $300 million of debt through a tender offer. Shareholders see mixed results: GAAP net income and EPS grew, but revenue, non-GAAP EPS and adjusted EBITDA declined.
Total revenues were $1.237 billion, down 4.0% Y/Y; Core Cloud Revenues rose 11.2% to $339 million.
GAAP diluted EPS was $0.64 versus $0.58 a year earlier; non-GAAP diluted EPS was $1.05, unchanged Y/Y.
Adjusted EBITDA was $442 million, down 5.3% Y/Y, with a margin of 35.8%.
The Board declared a $0.28 per share dividend, payable December 18, 2026, to shareholders of record on December 4, 2026.
OpenText issued $1.0 billion of senior secured notes due 2031 and 2033 on October 1, 2026, and extended its revolving credit facility maturity from December 19, 2028 to October 1, 2031. Proceeds, with cash on hand, are earmarked to redeem its $1.0 billion 6.900% notes due 2027 and to fund a tender offer for up to $300 million of its 3.875% notes due 2028, with settlement expected October 2, 2026.
Two $500 million note tranches: 6.700% due October 15, 2031 and 7.150% due October 15, 2033
Proceeds plus cash on hand to redeem all $1.0 billion of 6.900% senior secured notes due 2027
Tender offer for up to $300 million of 3.875% senior notes due 2028; both transactions expected to settle October 2, 2026
Revolver maturity extended from December 19, 2028 to October 1, 2031
OpenText said it will buy up to $300,000,000 of its 3.875% Senior Notes due 2028 in a cash tender offer, but holders tendered $697,563,000, so purchases are prorated at 43.047752%. The company expects a concurrent senior secured notes offering to close on October 1, 2026, with proceeds and cash on hand used to redeem its 6.900% Senior Secured Notes due 2027 and to pay for the tendered 2028 notes. The filing concerns debt refinancing and does not report earnings or guidance.
Accepts up to $300,000,000 aggregate principal; $697,563,000 principal tendered; proration factor 43.047752%.
Tender Offer Consideration of $981.71 per $1,000 principal, set at a fixed spread of +50 basis points over the 4.250% U.S. Treasury due February 15, 2028 (reference yield 4.773%).
Tender expired 5:00 p.m. New York City time on September 30, 2026; settlement expected October 2, 2026.
Concurrent senior secured notes offering expected to close October 1, 2026, to fund the redemption of the 6.900% Senior Secured Notes due 2027.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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