Open Text amends revolver, extending maturity and removing CSA

By Sara Rosenberg

New York, Dec. 21 – Open Text Corp. amended its revolving credit facility to extend the maturity date to Dec. 19, 2028 from Oct. 31, 2024 and remove the 10 basis points credit spread adjustment, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment replaced Open Text Holdings Inc. with Open Text Inc. as borrower.

Barclays is the administrative agent on the revolver.

The amendment was completed on Dec. 19.

Open Text is a Waterloo, Ont.-based provider of enterprise information management, helping companies securely capture, govern and exchange information.

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