Clarivate closes $500M incremental term loan, redeems $500M of 2026 notes

CLARIVATE PLC

New $500M incremental term B loans added under credit agreement, maturing 2031, interest rate of Term SOFR + 3.25%.
Proceeds used to redeem $500M of 4.50% senior secured notes due 2026; $200M of notes remain outstanding.
New term loans not subject to amortization; CFO cites improved credit market conditions for the refinancing.
Refinancing extends majority of near-term debt maturity, reducing 2026 refinancing risk.

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