09:02 AM EDT, 05/08/2024 (MT Newswires) -- Open Text Corporation ( OTEX ) announced Wednesday that, as previously indicated, it completed its US$2 billion debt reduction using the net proceeds from its AMC divestiture, which reflects $940 million paid to terminate the company's Term Loan B due 2025 and $1.06 billion to reduce amounts outstanding under its Acquisition Term Loan due 2030.