WATERLOO, ON, Sept. 23, 2026 /PRNewswire/ — Open Text Corporation (the “Company” or “OpenText”) (NASDAQ: OTEX), (TSX: OTEX) today announced that it has priced an offering (the “Notes Offering”) of $500 million principal amount of 6.700% senior secured notes due 2031 and $500 million principal amount of 7.150% senior secured notes due 2033 (together, the “Notes”). 

The Notes will be guaranteed on a senior secured basis by OpenText’s existing wholly-owned subsidiaries that are guarantors or co-obligors under OpenText’s senior secured credit facilities, term loan credit agreement and its 6.900% Senior Secured Notes due 2027 (the “2027 Notes”). The Notes and related guarantees will be secured on the same basis as the Company’s senior secured credit facilities, term loan credit agreement and 2027 Notes. The Notes Offering is expected to close on October 1, 2026, subject to customary closing conditions.

OpenText intends to use the net proceeds from the Notes Offering, together with cash on hand, to fund, in the aggregate (i) the redemption in full of the outstanding $1.0 billion principal amount of its 2027 Notes, including the payment of the applicable redemption premium, accrued and unpaid interest and related costs and expenses and (ii) the consideration for any of its outstanding 3.875% Senior Notes due 2028 (the “2028 Notes”) accepted for purchase in the tender offer by the Company for such 2028 Notes, up to an aggregate principal amount of the 2028 Notes that will not exceed $450 million (subject to increase or decrease by the Company), plus accrued and unpaid interest and related costs and expenses (the “Tender Offer”).

The Notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes and the related guarantees are being issued pursuant to Rule 144A and Regulation S under 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 (as defined in Regulation S under the Securities Act), 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 have not been and will not be qualified for sale to the public by prospectus under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, qualification or exemption under the securities laws of any such jurisdiction.

This press release shall not constitute a notice of redemption under the indenture governing the 2027 Notes, and such redemption is subject to the conditions set forth in the applicable notice of redemption, including the financing condition described therein. Such notice has been made only in accordance with the provisions of the indenture governing the 2027 Notes. There can be no assurances as to whether any such redemption will be effected as described above.

This press release shall not constitute an offer to purchase the 2028 Notes in the Tender Offer, which is only made pursuant to the Offer to Purchase dated September 23, 2026 (the “Offer to Purchase”), which is subject to the conditions, including the financing condition described therein. Holders of the 2028 Notes should refer to the Offer to Purchase available from Global Bondholder Services Corporation, the tender and information agent for the Tender Offer, and the Company’s concurrent press release related to the Tender Offer dated September 23, 2026.

OTEX-F

About OpenText

OpenText™ is a global leader in data management for enterprise AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for enterprise AI.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the Notes Offering, the proposed conditional redemption and the proposed Tender Offer, and the operating environment, economies and markets in which OpenText operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by OpenText at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright © 2026 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s).

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SOURCE Open Text Corporation

Company outlines path for durable, accelerated growth through four strategic growth vectors

SANTA CLARA, Calif., Sept. 23, 2026 /PRNewswire/ — Today at its 2026 Financial Analyst Meeting, Everpure (NYSE: P), the company revolutionizing storage and data management, provided details on its business expansion providing durable, accelerated growth. The company also reaffirmed its fiscal year 2027 outlook and provided a preliminary outlook for fiscal year 2028.

“Everpure is at an inflection point as we expand our horizons to managing data in the enterprise and solutions for hyperscalers,” said Charlie Giancarlo, Chairman and Chief Executive Officer at Everpure. “A decade of committed investment in an integrated, extensible architecture has created a structurally higher growth baseline in our core business.  This same core IP has unlocked three distinct, incremental markets—allowing us to expand our opportunity, drive significant operating leverage, and provide enhanced visibility into our long-term financial trajectory.”

Sustained R&D Innovation

Over the past five years, Everpure has consistently dedicated on average 19% of annual revenue to R&D1. Everpure’s focused R&D investments on a single, unified platform is a superior use of invested capital versus fragmenting resources across multiple legacy architectures. This disciplined strategy has fueled both the durability of Everpure’s core business, demonstrated by eight consecutive quarters of accelerating revenue growth, and its expansion into new high growth markets. Building upon a track record of consistent market share gains across both inflationary and deflationary cycles, Everpure expects its strong R&D leadership to extend its product velocity while accelerating penetration into new growth markets.

Four Strategic Growth Vectors

By leveraging its proprietary intellectual property and extensible architecture, Everpure has unlocked multiple new distinct market opportunities alongside its core foundation. The company outlined four strategic growth vectors:

Core and Core AI: Includes FlashBlade, Flash Array, and Evergreen//One subscriptions, both CPU- and GPU-attached.Modern Data Software: Includes Everpure Data Intelligence, Everpure Data Stream, Portworx, Everpure Resilience, and Everpure Cloud.Scale AI: Includes FlashBlade//EXA solutions tailored for neoclouds and AI-native providers.Hyperscale Solutions: Includes DirectFlash technology designed specifically for hyperscalers.

Core and Core AI is projected to continue to gain market share, and the three new growth vectors—Modern Data Software, Scale AI, and Hyperscale Solutions—are expected to represent approximately 20% of total revenue by fiscal year 2030.

Financial Outlook and Capital Management

“Everpure’s financial profile is durably resetting to higher levels of growth and profitability,” said Tarek Robbiati, Chief Financial Officer at Everpure. “We have demonstrated over the past decade-plus that we can profitably grow and take share in our core business across inflationary and deflationary cycles. This has been made possible by our unique differentiated IP which is now enabling a sustained level of financial performance well above Rule of 40.”

To support this trajectory, Everpure maintains a disciplined capital management framework centered on funding organic investment, strengthening the balance sheet, pursuing strategic mergers and acquisitions, completing share buybacks to offset dilution from stock-based compensation, and executing additional select buybacks to return excess capital. Today’s new framing preserves flexibility to fund a much larger opportunity set than the company has ever had.

The company re-affirmed its fiscal year 2027 revenue and operating income guidance provided on its second quarter fiscal year 2027 earnings call, and provided a preliminary outlook for fiscal year 2028.

These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements.

Additional Resources

Executive Commentary: Read additional insights on Everpure’s market expansion and differentiated value for hyperscalers.Webcast Replay and Presentation Slides: The Financial Analyst Meeting webcast replay and presentation slides will be available in the Events & Presentations section of Everpure’s Investor Relations website.

About Everpure

Everpure (NYSE: P) allows organizations to take control of their data with an industry-leading, ever-evolving storage and data management platform. We help companies unleash the power of their data by ensuring it is accessible, intelligent, and ready to perform in the AI era. We make data management effortless while simultaneously scaling performance and significantly reducing energy consumption. With one of the highest Net Promoter Scores for over a decade, Everpure is the choice of the world’s most innovative organizations. For more information, visit www.everpuredata.com.

The release timing of any discussed functionality remains at Everpure’s sole discretion. The information provided is not a commitment to deliver discussed functionality based on any timeline.

Investors and others should note that we announce material business and financial information through our investor relations website at investor.everpuredata.com, SEC filings, public conference calls and webcasts, and press releases, including earnings press releases. We also announce business and financial information through our newsroom website (https://www.everpuredata.com/company/newsroom.html), blog (http://blog.everpuredata.com), LinkedIn (linkedin.com/company/everpure-data), X (x.com/EverpureData), Facebook (@purestorage), Instagram (@purestorage) and YouTube (@everpure-data). It is possible that the information we post on these channels could be deemed to be material information. Therefore, we encourage investors to follow these channels, in addition to our SEC filings, public conference calls and webcasts, and press releases.

Forward Looking Statements

This press release contains forward-looking statements regarding our products, business, operations and financial performance, including but not limited to our views relating to our future period financial and business results, our expectations regarding rule of 40, and the expected contribution to our revenue from modern data software, scale AI, and hyperscale products; our capital allocation priorities, including research and development investment, strategic mergers and acquisitions and the return of excess capital; our total addressable and serviceable addressable market estimates and our expectations regarding market growth and continued market share gains, including Core and Core AI; the expected mix of core and new product revenue; demand for our products and subscription and consumption offerings, including Evergreen//One, and the related sales mix; our sales pipeline and the timing and magnitude of large orders, including sales to hyperscalers and large enterprises; our technology and product strategy and roadmap, including DirectFlash, FlashBlade//EXA, the Enterprise Data Cloud and our expansion into data intelligence; our market opportunities in modern data software, scale AI and hyperscale environments, our ability to meet hyperscalers’ performance, price and other requirements, to expand with existing and land new hyperscale customers, and the timing and amount of hyperscale revenue; our ability to manage supply chain disruptions and procure sufficient flash and other components; the impact of component cost increases and NAND pricing cycles on our pricing, gross margin and share gains; the anticipated effects of our acquisition of 1touch; our expectations regarding product and technology differentiation, sustainability and energy savings for customers, new investments and partnerships; and the impact of inflation, currency fluctuations, tariffs or other adverse economic conditions.

Actual results may differ materially from the results predicted. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption “Risk Factors” and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investors.everpuredata.com and on the SEC website at www.sec.gov. Additional information is also set forth in our Annual Report on Form 10-K for the fiscal year ended February 1, 2026. All information provided in this release and in the attachments is as of September 23, 2026, and Everpure undertakes no duty to update this information unless required by law.

Non-GAAP Financial Measures

To supplement its guidance, Everpure has provided forward-looking guidance on non-GAAP operating income and the related year-over-year growth rate for fiscal year 2027 and, on a preliminary basis, for fiscal year 2028. Everpure has also provided average non-GAAP research and development expense as a percentage of revenue for the five fiscal years ended February 1, 2026. Non-GAAP research and development expense excludes certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, expenses for severance and termination benefits related to workforce realignment, and duplicate lease costs during the transition of our corporate headquarters. For a reconciliation of average non-GAAP research and development expense as a percentage of revenue for the five fiscal years ended February 1, 2026 as a percentage of revenue for the same period, please see the table at the end of this press release.

Everpure uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Everpure’s performance by excluding certain expenses that may not be indicative of its ongoing core business operating results, and that both management and investors benefit from referring to these non-GAAP financial measures in assessing performance and when planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP, and Everpure’s non-GAAP measures may be different from non-GAAP measures used by other companies.

Everpure has not reconciled its guidance for non-GAAP operating income and the related year-over-year growth rate to their most directly comparable GAAP measures because certain items that impact these measures are not within Everpure’s control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort.

Everpure calculates the Rule of 40 as year-over-year revenue growth rate + non-GAAP operating margin.

Reconciliation from GAAP research and development expense results to the comparable non-GAAP measures (in thousands except percentages, unaudited):

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SOURCE Everpure

WASHINGTON, Sept. 23, 2026 /PRNewswire/ — Leaders and advocates gathered in New York for Climate Week heard the unique story of the BlueGreen Alliance (BGA) during a panel discussion on worker-powered climate action. BGA—celebrating the 20th anniversary of its founding—was joined by Sen. Brian Schatz (D-HI), United Steelworkers (USW) International President Roxanne Brown, and Natural Resources Defense Council (NRDC) Action Fund President Manish Bapna.

The panel discussion explored the lessons that can be learned from BGA’s 20 years of proven success as the only national coalition of environmental and labor organizations in the world. The organization—founded in 2006 by former USW International President Leo Gerard and former Executive Director of the Sierra Club Carl Pope—is aligned on the shared belief that we don’t have to choose between good jobs and a clean environment. We can and must have both.

“I have worked with BGA since its infancy, and I remain committed to the mission of this organization,” said USW International President and BGA Co-Chair Roxanne Brown. “Working with our environmental partners to deepen understanding across our movements gives us the footing we need to enact real change that will build a better future for working families for generations to come.”

The panelists discussed BGA’s continued work to leverage the collective strength of its partners and their members to build consensus and advocate for shared solutions that fight the climate crisis, create good-paying union jobs, advance racial and economic justice, and protect the health and fundamental rights of working people.

“As a coalition, BGA has struck significant wins for the environmental and labor movements, but much of that progress has been under attack in recent years. That is why the enduring strength of our coalition is so important,” said NRDC Action Fund President and BGA Board Member Manish Bapna. “We remain dedicated to working in partnership to build on our successes and grow a clean economy built with good union jobs.”

“Economic change in recent decades has been driven by elites and working people have not seen the benefits. Unless working people are at the center of climate policy and energy transition, the solutions won’t work for them, and they won’t stick.” said BlueGreen Alliance Executive Director Jason Walsh. “In the face of an escalating climate crisis and rising inequality, our work is more urgent than ever. These crises can only be confronted by worker-powered climate action, and that is the work BGA plans to carry forward over the next 20 years.”

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SOURCE BlueGreen Alliance