Optiva Inc. Extends Forbearance Period with Noteholders to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction

(NASDAQ:OPT) TORONTO, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Further to its news release on July 18, 2025, 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 an amended support agreement dated September 3, 2025 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") providing for an extension of the grace period to allow Optiva's special committee of independent directors to conclude negotiations with Noteholders and prospective merger counterparties regarding a Potential Transaction (as defined below). The initial 45-day grace period, which was set to expire on September 3, 2025, has been extended to September 30, 2025 (the "Grace Period"). During the Grace Period, Noteholders who are parties to the support agreement ha