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OpenText Announces Proposed Offering of Senior Unsecured Fixed Rate Notes
OpenText Announces Proposed Offering of Senior Unsecured Fixed Rate Notes OpenText...
About this update from Open Text Corporation
[{"type":"text","content":"\n\n\n\nOpenText Announces Proposed Offering of Senior Unsecured Fixed Rate Notes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nOpenText Announces Proposed Offering of Senior Unsecured Fixed Rate Notes\nCanada NewsWire\nWATERLOO, Ontario, May 25, 2016\n\n\n\nWATERLOO, Ontario, May 25, 2016 /CNW/ -- Open Text Corporation (NASDAQ: OTEX) (TSX: OTC) (\"OpenText\" or the \"Company\") announced today a proposed offering of U.S. $500 million aggregate principal amount of its senior unsecured fixed rate notes due 2026 (the \"notes\"), guaranteed initially on a senior unsecured basis by OpenText's existing and future wholly-owned subsidiaries that borrow or guarantee the Company's obligations under its existing senior credit facilities. The precise timing, size and terms of the offering are subject to market conditions and other factors. OpenText intends to use the net proceeds from the offering for general corporate purposes, including potential future acquisitions.\n\nThe notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the \"Securities Act\"). The notes and related guarantees may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act. The notes will be offered in Canada under available prospectus exemptions.\n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees. Any offers of the notes and related guarantees will be made only by means of a private offering memorandum. \n\nAbout OpenText\n\nOpenText is the largest independent software provider of Enterprise Information Management (EIM). \n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements. These forward-looking statemen...