Financing ·
Clarivate prices cash tender offers for up to $500M of 2028 and 2029 notes at discounts
CLVTClarivate PLC
Clarivate Plc announced the pricing terms for previously announced cash tender offers by its subsidiary, Clarivate Science Holdings Corporation, to purchase outstanding debt securities. The company is offering to buy back its $750M aggregate of 3.875% Senior Secured Notes due 2028 and $900M aggregate of 4.875% Senior Notes due 2029, subject to a total tender cap of $500 million. The 2028 notes are priced at $979.08 per $1,000 principal amount based on a reference yield, while the 2029 notes are fixed at $928.75 per $1,000. Tenders can be withdrawn by November 10, 2026, with settlement expected on November 13, 2026. Clarivate is a leading global provider of transformative intelligence, offering enriched data, insights, and analytics in academia, government, and intellectual property.