Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction

Toronto Star

a day ago

Optiva is in negotiations with its existing noteholders and certain third parties regarding a potential transaction that would result in the exchange of Optiva's outstanding notes for a combination of shares and new notes of a proforma merged strategic third party (a 'Potential Transaction').
Optiva will continue operating its business as usual, fulfilling all ongoing commitments to customers, employees, and suppliers.
Based on the proposals received to date, Optiva's common shareholders are expected to receive nominal consideration for their shares in connection with any Potential Transaction.
TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Optiva Inc. (TSX: OPT) ('Optiva' or the 'Company'), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that it has entered into a support agreement (the 'Support Agreement') with holders ('Noteholders') of approximately 85% of its outstanding principal amount of 9.75% senior secured PIK toggle notes due July 20, 2025 (the 'Notes').