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Micro Focus International PLC - Berkshire-based global enterprise software firm - Potential buyer Open Text Corp expects takeover of Micro Focus to close in the first quarter of calendar year 2023. Open Text adds that it fully syndicated its $3.59 billion term loan facility with an annual interest equal to adjusted terms secured overnight financing rate plus 3.5%. Further, it prices an offering of $1 billion of 6.9% senior secured fixed rate notes due 2027 in connection with the acquisition.
In August, Micro Focus agreed to be taken over by Ontario, Canada-based Open Text for £5.1 billion in a takeover that includes Micro Focus's debt.
Current Micro Focus stock price: 524.40 pence, down 0.1% on Thursday
12-month change: up 27%
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