debt
confidence high
sentiment neutral
materiality 0.40
Clarivate unit launches $75M cash tender offer for 3.875% 2028 notes
CLARIVATE PLC
- Clarivate Science Holdings offers to buy up to $75M principal of its 3.875% Senior Secured Notes due 2028.
- Notes outstanding: $825M; offer expires Sept 23, 2026; settlement expected Sept 25, 2026.
- Total consideration based on fixed spread +50 bps over 4.125% UST due June 2028; accrued interest paid.
- Citigroup is dealer manager; Global Bondholder Services is tender agent.