Clarivate closes $5.3B ProQuest acquisition; 46.9M shares issued, debt refinanced

CLARIVATE PLC

Closed acquisition of ProQuest on Dec 1, 2021; total consideration $5.3B ($4B cash, $1.3B equity) including debt repayment.
Issued 46.9M ordinary shares (~7% pro forma dilution) to Seller Group; also repaid ~$1.0B of ProQuest debt.
Financing includes $921.2M 3.875% Secured Notes due 2028 and $921.4M 4.875% Unsecured Notes due 2029.
Appointed Andrew M. Snyder as Vice Chairman and Michael J. Angelakis to the Board effective Dec 1.
Reaffirmed FY 2021 standalone guidance and provided FY 2022 combined outlook (no specific numbers disclosed).

item 2.01 item 2.03 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael J. Angelakis

Director

CLVT · CLARIVATE PLC

Effective: 2021-12-01
Filed: December 1, 2021, 6:59 PM ET

Andrew M. Snyder was appointed to the Board as Vice Chairman, and Michael J. Angelakis was appointed to the Board, in each case effective as of December 1, 2021.

Appointed

Andrew M. Snyder

Vice Chairman

CLVT · CLARIVATE PLC

Effective: 2021-12-01
Filed: December 1, 2021, 6:59 PM ET

Andrew M. Snyder was appointed to the Board as Vice Chairman, and Michael J. Angelakis was appointed to the Board, in each case effective as of December 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Angelakis was appointed as Director at CLARIVATE PLC.

Action: appointed
Role: Director

Exact text from the filing

Andrew M. Snyder was appointed to the Board as Vice Chairman, and Michael J. Angelakis was appointed to the Board, in each case effective as of December 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew M. Snyder was appointed as Vice Chairman at CLARIVATE PLC.

Action: appointed
Role: Vice Chairman

Exact text from the filing

Andrew M. Snyder was appointed to the Board as Vice Chairman, and Michael J. Angelakis was appointed to the Board, in each case effective as of December 1, 2021.

View on SEC.gov

CLARIVATE PLC filing history →

Source: SEC EDGAR

accession 0001104659-21-145409

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