Press release 📈 Stocks 🌍 United States

Clarivate Sets Pricing for $500M Cash Tender Offer for 2028 and 2029 Notes

Clarivate has finalized pricing for its $500 million debt tender offer, setting consideration at $979.08 for 2028 notes and $928.75 for 2029 notes, with a settlement date of November 13, 2026.

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CLVT
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Clarivate has set final pricing for cash tender offers of up to $500,000,000 across its 3.875% Senior Secured Notes due 2028 ($415,000,000 cap) and 4.875% Senior Notes due 2029 ($118,000,000 cap), with settlement expected November 13, 2026. This mechanically executes a previously announced deleveraging step and is unlikely to move the equity on its own; the pricing (e.g., $979.08 per $1,000 for the 2028 Notes) is procedural rather than a change in outlook.

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🎯 Key Takeaways

  • Clarivate set a $415,000,000 series cap for 3.875% 2028 notes and a $118,000,000 cap for 4.875% 2029 notes.
  • The 2028 notes total consideration is $979.08 per $1,000 principal, while the 2029 notes are priced at $928.75 per $1,000.
  • The company increased the aggregate principal amount sought for each series by 2% of the outstanding total.
  • The tender offer expiration and withdrawal deadline is 5:00 p.m. New York City time on November 10, 2026.

📝 Executive Summary

Clarivate Plc has finalized pricing for its cash tender offers to repurchase up to $500,000,000 in aggregate principal of its 2028 and 2029 notes. The company increased the series caps for both offerings by 2% and set the total consideration at $979.08 per $1,000 for the 2028 notes and $928.75 per $1,000 for the 2029 notes. Settlement is expected to occur on November 13, 2026.