10:39 AM EDT, 05/08/2024 (MT Newswires) -- Open Text ( OTEX ) said Wednesday that it used the net proceeds from its divestiture of its AMC/Mainframe business to reduce its debt by $2 billion.

The company said it paid $940 million to terminate its term loan B due 2025 and $1.06 billion to reduce the outstanding amount under its acquisition term loan due 2030.

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