secwatch.observer — SEC 8-K summary
======================================

Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0001104659-21-145409
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000110465921145409/0001104659-21-145409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000110465921145409/tm2134253d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-145409

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer