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Clarivate Announces Pricing Terms of Offers to Purchase for Cash Certain of its Outstanding Debt Securities

  • Clarivate Plc announced Reference Yield & Total Consideration for its cash tender offers to purchase 2028 Notes & 2029 Notes via subsidiary Clarivate Science Holdings Corporation.
  • The Offers include a $500 million aggregate Tender Cap, comprised of a $415 million cap for 2028 Notes & a $118 million cap for 2029 Notes.
  • The Company exercised its right to increase the aggregate principal amount sought for both Note series by 2% from their original caps.
  • 2028 Notes (3.875% Senior Secured) have a Reference Yield of 4.725% based on 4.125% UST due June 30, 2028, resulting in a Total Consideration of $979.08 per $1,000 principal.
  • 2029 Notes (4.875% Senior Notes) have a fixed Total Consideration of $928.75 per $1,000 principal.
  • Holders will receive accrued & unpaid interest in addition to the principal consideration upon settlement.
  • The Expiration Date & Withdrawal Deadline is 5:00 p.m. New York City time on November 10, 2026.
  • The Settlement Date is expected to be November 13, 2026, which is the second business day after the Expiration Date.
  • Citigroup Global Markets Inc. serves as the Dealer Manager, while Global Bondholder Services Corporation acts as the Tender & Information Agent.
  • Proration applies if tenders exceed caps, with accepted amounts rounded down to the nearest $1,000 principal amount.
Company
Clarivate Plc
Keywords
Clarivate Plc