Open Text extends revolver, lifts total commitments to $750 million

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Open Text Corp. and certain of its subsidiaries amended their credit agreement on Thursday with Barclays Bank plc as administrative agent and collateral agent, increasing total commitments to $750 million from $450 million, according to an 8-K filed with the Securities and Exchange Commission.

The amendment also extends the maturity date to Oct. 31, 2024 from May 5, 2025.

Open Text is a Waterloo, Ont.-based provider of enterprise information management software that helps companies manage, secure and leverage their unstructured business information.

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