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  "authorName": "OpenText",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Return Micro Focus to organic growth\nAccelerate Micro Focus cloud growth and improve Micro Focus renewals\nLeverage proven OpenText Business System to drive accretive integration of Micro Focus\nProvide investors with enhanced visibility into the high value business areas\nUpper quartile A-EBITDA and expansion\nUpper quartile Free Cash Flow and expansion\nRapid 8-quarter deleveraging program\nContinuation of dividend program(2)",
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      "text": "Micro Focus shareholders approved all cash acquisition by OpenText on October 18, 2022.\nThe Acquisition is expected to close in the first quarter of calendar 2023, subject to the satisfaction of regulatory approvals and customary closing conditions.",
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      "text": "Approximately $4.6B of Committed Financing. Concurrently with the takeover announcement we entered into committed Term and Bridge Loan agreements to satisfy \"certain funds\" requirements under the UK Takeover Code.\nThe Company intends to further syndicate the committed Term Loan and reduce commitments or the borrowings under the Bridge Loan by accessing the debt capital markets, each subject to market conditions.(3)",
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      "text": "1. OpenText to Acquire Micro Focus International plc press release, 8/25/2022, https://solutions.opentext.com/corpnews and https://s23.q4cdn.com/197378439/files/doc_news/2022/OpenText-to-Acquire-Micro-Focus-Investor-Presentation.pdf\n2. Dividends are subject to board discretion.\n3. No assurance can be given that the Company will be able to further syndicate or access debt capital markets and this presentation does not constitute the offer or sale of any securities in any jurisdiction.",
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