debt
confidence high
sentiment neutral
materiality 0.45
Clarivate prices tender offers for 2028 and 2029 notes; $979.08 and $928.75 per $1,000, caps raised 2%
CLARIVATE PLC
- Tender cap $500M aggregate: up to $415M of 3.875% Senior Secured Notes due 2028 and $118M of 4.875% Senior Notes due 2029, both series caps increased by 2%.
- 2028 Notes total consideration $979.08 per $1,000 principal, based on 4.725% reference yield on 4.125% UST due June 30, 2028 plus a 50 bp fixed spread.
- 2029 Notes total consideration $928.75 per $1,000 principal; $750M of 2028 Notes and $900M of 2029 Notes outstanding, issued by Clarivate Science Holdings Corporation.
- Expiration and withdrawal deadline 5:00 p.m. NYC on Nov 10, 2026; settlement expected Nov 13, 2026; holders also receive accrued and unpaid interest.
- Citigroup Global Markets is dealer manager; Global Bondholder Services is tender and information agent; offers subject to proration.