{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-009119","form_type":"8-K","ticker":"CLVT","cik":"0001764046","company_name":"CLARIVATE PLC","filed_at":"2024-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.446625+00:00","generated_at":"2026-06-06T11:17:06.201973+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Clarivate refinances $2.15B term loan, lowers margin and extends revolver to 2029","bullets":["New $2.150 billion term loan tranche matures in 2031 at SOFR + 275 bps, down from prior margin.","Revolving credit facility replaced with $700 million facility maturing 2029 (was 2027).","Term loans amortize at 1.00% per annum quarterly; proceeds used to refinance existing term loans.","CFO cites “oversubscribed interest” and lower annual cash interest costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-009119","json":"https://secwatch.observer/filing/0001104659-24-009119.json","markdown":"https://secwatch.observer/filing/0001104659-24-009119.md","text":"https://secwatch.observer/filing/0001104659-24-009119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1764046/000110465924009119/0001104659-24-009119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1764046/000110465924009119/tm244709d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T11:17:06.201973+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7ba92e528cef22ce86608ebccbd36cdd2379611f","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1764046/000110465924009119/0001104659-24-009119-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$2,150,000,000"},{"label":"Rate","value":"Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum"},{"label":"Maturity","value":"maturing in 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"41feb147e408a63c1bf518ea3dae34c1d9d366e8","claim":"CLARIVATE PLC amended Credit Agreement (effective 2024-01-31).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1764046/000110465924009119/0001104659-24-009119-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2024-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}