Open Text Corp 8-K, filed Nov 24, 2021

Open Text Corp (OTEX)

8-K 2021-11-24 For: 2021-11-24

View Original

Added on April 09, 2026

About this 8-K

Open Text Corp filed this 8-K on November 24, 2021.

Items reported

Item 2.03: New debt or off-balance-sheet obligation
Item 8.01: Other events
Item 9.01: Financial statements and exhibits

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


4.1		Indenture governing the Company’s 3.875% Senior Notes due 2029, dated as of November 24, 2021, among the Company, the subsidiary guarantors party thereto, The Bank of New York Mellon, as U.S. trustee, and BNY Trust Company of Canada, as Canadian trustee.

4.2		Form of the Company’s 3.875% Senior Notes due 2029 (included in Exhibit 4.1)

4.3		Indenture governing OTHI’s 4.125% Senior Notes due 2031, dated as of November 24, 2021, among OTHI, the Company, the subsidiary guarantors party thereto, The Bank of New York Mellon, as U.S. trustee, and BNY Trust Company of Canada, as Canadian trustee.

4.4		Form of OTHI’s 4.125% Senior Notes due 2031 (included in Exhibit 4.3)

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).


	OPEN TEXT CORPORATION

November 24, 2021	By:	/s/ Gordon A. Davies
		Gordon A. Davies EVP, CLO and Corporate Development


		Page
ARTICLE 1

DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.1	Definitions		1
Section 1.2	Other Definitions		12
Section 1.3	Rules of Construction		13
Section 1.4	Acts of Holders		14

ARTICLE 2

THE NOTES

Section 2.1	Form and Dating		16
Section 2.2	Execution and Authentication		17
Section 2.3	Registrar and Paying Agent		18
Section 2.4	Paying Agent To Hold Money in Trust		18
Section 2.5	Holder Lists		19
Section 2.6	Transfer and Exchange		19
Section 2.7	Definitive Registered Notes		26
Section 2.8	Replacement Notes		27
Section 2.9	Outstanding Notes		27
Section 2.10	Temporary Notes		27
Section 2.11	Defaulted Interest		27
Section 2.12	Cancellation		28
Section 2.13	Additional Amounts		28
Section 2.14	CUSIP Numbers		31
Section 2.15	Issuance of Additional Notes		31
Section 2.16	Computation of Interest		32

ARTICLE 3

REDEMPTION

Section 3.1	Notices to the Trustees		32
Section 3.2	Selection of Notes To Be Redeemed		32
Section 3.3	Effect of Notice of Redemption		33
Section 3.4	Notice of Redemption		33
Section 3.5	Tax Redemption		34
Section 3.6	Deposit of Redemption Price		35
Section 3.7	Notes Redeemed in Part		35


ARTICLE 4

COVENANTS

Section 4.1	Payment of Notes	35
Section 4.2	Reports	36
Section 4.3	Compliance Certificate	37
Section 4.4	[Reserved]	37
Section 4.5	Limitation on Liens	37
Section 4.6	Limitation on Sale/Leaseback Transactions	42
Section 4.7	Limitation on Non-Guarantor Subsidiary Debt	43
Section 4.8	[Reserved]	46
Section 4.9	Change of Control Triggering Event	46

ARTICLE 5

SUCCESSORS

Section 5.1	Consolidation, Merger and Sale of Assets	48

ARTICLE 6

DEFAULTS AND REMEDIES

Section 6.1	Events of Default	49
Section 6.2	Acceleration	51
Section 6.3	Other Remedies	52
Section 6.4	Waiver of Past Defaults	52
Section 6.5	Control by Majority	52
Section 6.6	Limitation on Suits	52
Section 6.7	Rights of Holders to Receive Payment	53
Section 6.8	Collection Suit by U.S. Trustee	53
Section 6.9	Trustees May File Proofs of Claim	53
Section 6.10	Priorities	54
Section 6.11	Undertaking for Costs	54
Section 6.12	Waiver of Stay or Extension Laws	54

ARTICLE 7

TRUSTEES

Section 7.1	Duties of U.S. Trustee	55
Section 7.2	Rights of U.S. Trustee	56
Section 7.3	Individual Rights of the U.S. Trustee	59
Section 7.4	U.S. Trustee’s Disclaimer	59
Section 7.5	Notice of Defaults	59
Section 7.6	[Reserved]	59


Section 7.7	Compensation and Indemnity	59
Section 7.8	Replacement of Trustees	60
Section 7.9	Successor Trustee by Merger	61
Section 7.10	Eligibility; Disqualification	61
Section 7.11	No Liability for Co-Trustee	62
Section 7.12	Limitation on Trustees’ Liability	62

ARTICLE 8

DISCHARGE OF INDENTURE; DEFEASANCE

Section 8.1	Discharge of Liability On Notes; Defeasance	62
Section 8.2	Conditions to Defeasance	63
Section 8.3	Application of Trust Money	65
Section 8.4	Repayment to Company	65
Section 8.5	Reinstatement	65

ARTICLE 9

AMENDMENTS

Section 9.1	Without Consent of Holders	66
Section 9.2	With Consent of Holders; Waiver	67
Section 9.3	Revocation and Effect of Consents and Waivers	69
Section 9.4	Notation on or Exchange of Notes	69
Section 9.5	Trustees To Sign Amendments, etc.	69

ARTICLE 10

SUBSIDIARY GUARANTEES

Section 10.1	Subsidiary Guarantees	70
Section 10.2	Limitation on Liability	72
Section 10.3	Successors and Assigns	72
Section 10.4	No Waiver	72
Section 10.5	Modification	72
Section 10.6	Release of Guarantor	72
Section 10.7	Execution of Guarantee Agreement for Future Guarantors	73
Section 10.8	Non-Impairment	73
Section 10.9	Contribution	73

ARTICLE 11

MISCELLANEOUS

Section 11.1	[Reserved]	74
Section 11.2	Notices	74
Section 11.3	Trustee Instructions	75


Section 11.4	Certificate and Opinion as to Conditions Precedent	76
Section 11.5	Statements Required in Certificate or Opinion	76
Section 11.6	When Notes Disregarded	77
Section 11.7	Rules by U.S. Trustee, Paying Agent and Registrar	77
Section 11.8	Business Days	77
Section 11.9	Governing Law	77
Section 11.10	No Recourse Against Others	77
Section 11.11	Successors	77
Section 11.12	Multiple Originals	77
Section 11.13	Table of Contents; Headings	78
Section 11.14	WAIVER OF TRIAL BY JURY	78
Section 11.15	Force Majeure	78
Section 11.16	USA Patriot Act Compliance	78
Section 11.17	Submission to Jurisdiction	78
Section 11.18	Waiver of Immunity	79
Section 11.19	Conversion of Currency	79
Section 11.20	OFAC Sanctions.	80


Term		Defined in Section
Additional Amounts		2.13(b)
Agent Members		2.1(c)
Bankruptcy Law		6.1
Canadian Restricted Notes Legend		2.6(e)(i)
Change of Control Offer		4.9(b)
covenant defeasance option		8.1(b)
Cross Acceleration Provision		6.1(h)
Custodian		6.1(i)
Event of Default		6.1
Expiration Date		4.9(b)(iii)
FATCA		2.13(b)(ix)
Global Notes		2.1(b)
Guaranteed Obligations		10.1(a)
legal defeasance option		8.1(b)
Notes		Preamble
Original Notes		Preamble
Paying Agent		2.3(a)
Principal Payment Default		6.1(h)
Purchase Date		4.9(b)(iii)


Registrar		2.3(a)
Regulation S Global Notes		2.1(b)
Relevant Taxing Jurisdiction		2.13(a)
Restricted Notes Legend		2.6(e)(i)
Rule 144A Global Notes		2.1(b)
Sale/Leaseback Transaction		4.6(a)
Tax Redemption Date		3.5
Taxes		2.13(a)


Open Text Corporation

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: EVP, CFO

Open Text Canada Ltd.

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer

Open Text ULC

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer

Open Text SA ULC

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer

Vignette Partnership, LP, by its general partner, Open Text Canada Ltd.

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer


Open Text Holdings, Inc.

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer

Open Text Inc.

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer

GXS, Inc.

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer

GXS International, Inc.

By		/s/ Madhu Ranganathan
		Name: Madhu Ranganathan
		Title: President and Treasurer


THE BANK OF NEW YORK MELLON,
as U.S. Trustee

By		/s/ Wanda Camacho
		Name: Wanda Camacho
		Title: Vice President

BNY TRUST COMPANY OF CANADA,
as Canadian Trustee

By		/s/ Pierre Tremblay
		Name: Pierre Tremblay
		Title: Authorized Signatory


Year		Redemption Price
2024		101.938%
2025		100.969%
2026 and thereafter		100.000%


Dated:
		NOTICE: To be executed by an executive officer

		Name:
		Title:


[NEW GUARANTOR],

By:
		Name:
		Title:

OPEN TEXT CORPORATION,

By:
		Name:
		Title:

THE BANK OF NEW YORK MELLON,
as U.S. Trustee

By:
		Name:
		Title:

BNY TRUST COMPANY OF CANADA,
as Canadian Trustee

By:
		Name:
		Title:


Term	Defined in Section
“Additional Amounts”		2.13(b)
“Agent Members”		2.1(c)
“Bankruptcy Law”		6.1
“Canadian Restricted Notes Legend”		2.6(e)(i)
“Change of Control Offer”		4.9(b)
“covenant defeasance option”		8.1(b)
“Cross Acceleration Provision”		6.1(h)
“Custodian”		6.1
“Event of Default”		6.1
“Expiration Date”		4.9(b)(iii)
“FATCA”		2.13(b)(ix)
“Global Note”		2.1(b)
“Guaranteed Obligations”		10.1(a)
“legal defeasance option”		8.1(b)
“Notes”		Preamble
“Original Notes”		Preamble
“Paying Agent”		2.3(a)


No.				$


Term	Defined in Section
“Principal Payment Default”		6.1(h)
“Purchase Date”		4.9(b)(iii)
“Registrar”		2.3(a)
“Regulation S Global Note”		2.1(b)
“Relevant Taxing Jurisdiction”		2.13(a)
“Restricted Notes Legend”		2.6(e)(i)
“Rule 144A Global Note”		2.1(b)
“Sale/Leaseback Transaction”		4.6(a)
“Tax Redemption Date”		3.5
“Taxes”		2.13(a)


Year	Redemption Price
2026		102.063	%
2027		101.031	%
2028 and thereafter		100.000	%


Date: ___________________________________		Your Signature: _______________________________


Date of Exchange		Amount of decrease in Principal Amount of this Global Note		Amount of increase in Principal Amount of this Global Note		Principal amount of this Global Note following such decrease or increase		Signature of authorized signatory of U.S. Trustee or Custodian


Signature Guarantee:
		Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the U.S. Trustee