Davis Polk advised Barclays Capital Inc. as representative of the several initial purchasers in connection with a Rule 144A/Regulation S offering of $800 million aggregate principal amount by Open Text Corporation (“OpenText”) of its 5.625% senior notes due 2023. The notes are guaranteed by certain subsidiaries of OpenText. Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Citigroup Global Markets acted as joint bookrunners in the offering. The offering was OpenText’s debut offering in the capital markets.

Headquartered in Waterloo, Ontario, OpenText is the largest independent software provider of Enterprise Information Management (EIM).

The Davis Polk capital markets team included partners Richard J. Sandler and John B. Meade, counsel Meredith L. Mackey and associates Joseph W. Clementz and Andrew J. Morris. The tax team included partner Kathleen R. Ferrell and associate Anthony L. Oliva. Associate Gary T. Lo provided intellectual property advice. All members of the Davis Polk team are based in the New York office.