Clarivate Announces Pricing Terms for Debt Securities Purchase Offer
Clarivate Plc has announced the pricing terms, including the Reference Yield and Total Consideration, for its cash tender offer to purchase certain outstanding debt securities. The offer targets 3.875% Senior Secured Notes due 2028.
London, September 23, 2026 – Clarivate Plc announced today the pricing terms for its previously announced cash tender offer to purchase certain of its outstanding debt securities. The offer specifically concerns the company's 3.875% Senior Secured Notes due 2028. Clarivate has set the Reference Yield and Total Consideration to be paid per $1,000 principal amount of notes accepted in the offer.
The offer, conducted by its subsidiary Clarivate Science Holdings Corporation, is subject to a cap of $75 million on the aggregate principal amount of notes that will be purchased. If the tendered notes exceed this limit, they will be purchased on a pro-rata basis. Clarivate may adjust this cap during the offer period. In addition to the total consideration, holders whose notes are accepted will also receive accrued and unpaid interest from the last interest payment date to the settlement date.
The Total Consideration is determined by a fixed spread added to the Reference Yield, which was based on the bid-side price of a reference security as of 2:00 p.m. New York time on September 23, 2026. The notes mature in 2028. The offer is set to expire on September 23, 2026, unless extended or terminated.
Citigroup Global Markets Inc. is acting as the dealer manager for the offer. The full terms and conditions are detailed in the Offer to Purchase documents, which are available to holders. Clarivate is not obligated to accept the offer or proceed with the purchase if certain conditions are not met or waived.