Open Text Corporation said it issued a conditional notice to redeem the full $1.0 billion principal amount of its outstanding 6.900% Senior Secured Notes due 2027 on October 2, 2026. The redemption depends on OpenText receiving sufficient net proceeds from one or more debt-security offerings, although cash on hand may fund part of the payment if the financing condition is met or waived. The company is exploring a potential senior secured notes offering under Rule 144A and Regulation S, with proceeds intended to cover the redemption price, premium, accrued interest and related costs. Any remaining proceeds would be used for general corporate purposes, potentially including debt repurchases or repayment. OpenText said the redemption is not assured and the release itself is not a formal notice of redemption under the notes' indenture.