Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CLARIVATE PLC incurred term loan of $2,150,000,000 with unknown at Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum maturing maturing in 2031.
- Instrument
- term loan
- Principal
- $2,150,000,000
- Rate
- Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum
- Maturity
- maturing in 2031
- Event
- incurrence
Exact text from the filing
On January 31, 2024, Clarivate Plc’s direct and indirect subsidiaries that are borrowers or guarantors under the Credit Agreement dated as of October 31, 2019 (as amended, restated, supplemented or modified prior to the Amendment, the “ Existing Credit Agreement ”, and as amended by the Amendment, the “ Credit Agreement ”) entered into an amendment thereto (the “ Amendment ”), which provided for (i) a new $2,150,000,000 tranche of term loans maturing in 2031 (the “ Refinancing Term Loans ”), (ii) an extension of the maturity date for the existing revolving credit facility to January 31, 2029, subject to a “springing” maturity date that is 91 days prior to the maturity date of (x) the 4.50% senior secured notes due 2026 issued by Camelot Finance S.A and (y) the 3.875% senior secured notes due 2028 issued by Clarivate Science Holdings Corporation (but only to the extent such senior secured notes have not, prior thereto, been refinanced or extended to have a maturity date of no earlier th
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CLARIVATE PLC amended Credit Agreement (effective 2024-01-31).
- Action
- amendment
- Agreement
- credit facility
- Effective
- 2024-01-31
Exact text from the filing
On January 31, 2024, Clarivate Plc’s direct and indirect subsidiaries that are borrowers or guarantors under the Credit Agreement dated as of October 31, 2019 (as amended, restated, supplemented or modified prior to the Amendment, the “ Existing Credit Agreement ”, and as amended by the Amendment, the “ Credit Agreement ”) entered into an amendment thereto (the “ Amendment ”), which provided for (i) a new $2,150,000,000 tranche of term loans maturing in 2031 (the “ Refinancing Term Loans ”), (ii) an extension of the maturity date for the existing revolving credit facility to January 31, 2029
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