OpenText priced $1 billion of senior secured notes, consisting of $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033. The company expects the offering to close on October 1, 2026, subject to customary conditions. Together with cash on hand, proceeds will fund the full redemption of its $1 billion of 6.900% Senior Secured Notes due 2027, including premiums, interest and related costs, and the purchase of up to $450 million of its 3.875% Senior Notes due 2028 in a tender offer, subject to possible adjustment by OpenText. The new notes will carry senior secured guarantees and will be issued under Rule 144A and Regulation S exemptions rather than registered for public sale.