-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dp0UIEBBP2rm/KZBlJ6v1d7e0rPXsJanm24dmJq7H5x7Uhyuzh3FRzY23M94uEEX 5H208ZaspVlSqtF26a4biQ== 0001193125-03-083811.txt : 20031119 0001193125-03-083811.hdr.sgml : 20031119 20031119131343 ACCESSION NUMBER: 0001193125-03-083811 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031111 ITEM INFORMATION: Other events FILED AS OF DATE: 20031119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPEN TEXT CORP CENTRAL INDEX KEY: 0001002638 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 980154400 STATE OF INCORPORATION: K6 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27544 FILM NUMBER: 031012316 BUSINESS ADDRESS: STREET 1: 185 COLUMBIA ST W STREET 2: WATERLOO CITY: ONTARIO CANADA STATE: A6 ZIP: N2L 5Z5 MAIL ADDRESS: STREET 1: 185 COLUMBIA ST W STREET 2: WATERLOO CITY: ONTARIO CANADA ZIP: M2L 5Z5 8-K 1 d8k.htm FORM 8-K FORM 8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): November 11, 2003

 

 

Open Text Corporation

(Exact name of Registrant as specified in its charter)

 

 

Ontario

  

0-27544

  

98-0154400

(State or Other Jurisdiction of

Incorporation)

   (Commission File Number)  

(IRS Employer Identification

No.)

 

 

185 Columbia Street West, Waterloo, Ontario, Canada N2L5Z5

(Address of principal executive offices)

 

 

(519) 888-7111

Registrant’s telephone number, including area code

Item 5: Other Events

 

On November 11, 2003, the Company entered into a credit agreement with a Canadian chartered bank to provide credit facilities for the purposes of financing its pending offer to acquire all of the shares of IXOS Software AG. The funds are available under two tranches of approximately $60 million and $80 million for a total of approximately $140 million, the repayment of which is due between nine and twelve months following the close of the Company’s tender offer. The facilities are subject to covenants and drawdown conditions, including: the maintenance of minimum shareholders equity levels in the Company, and the attainment of minimum adjusted earnings to debt ratios while the facilities are outstanding. The facilities bear interest at a floating rate based on Libor or other reference rates, and vary based on the ratio of adjusted earnings to debt outstanding during each interest period. The Company has executed a general security agreement in favor of the lender granting security against all of the Company’s assets.

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

        OPEN TEXT CORPORATION
November 19, 2003       By:  

/s/    P. THOMAS JENKINS

               

P. Thomas Jenkins

Chief Executive Officer

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