#USA #New York #2028 Notes #Debt Securities #Clarivate

Clarivate Announces Pricing Terms for Debt Securities

In a recent press release dated November 10, 2026, Clarivate Plc (NYSE: CLVT), a recognized leader in transformative intelligence solutions, detailed the pricing terms associated with its cash tender offers for certain outstanding debt securities. These offers comprise a bid for its Senior Secured Notes due in 2028 and Senior Notes due in 2029, collectively referred to as the "Notes".

Understanding the Tender Offers

The cash tender offers have been structured to purchase Clarivate's 3.875% Senior Secured Notes due in 2028 and its 4.875% Senior Notes due in 2029. The comprehensive offer will be administered by Clarivate Science Holdings Corporation, a wholly-owned subsidiary of Clarivate. This tender offer involves a fundamental consideration which can significantly benefit Noteholders.

The total principal amount of Notes that will be accepted is capped at $500 million. There are further limitations known as the Series Caps which establish the maximum principal amounts for each note series: $400 million for the 2028 Notes and $100 million for the 2029 Notes. Such caps and associated conditions aim to create a structured and calculated approach to managing Clarivate's debt profile.

Conditions and Further Details

Holders of these securities have until 5:00 PM (New York City time) on the same day to submit their tenders. It's important to note that this deadline may be extended by Clarivate as necessary. If replies exceed the set cap, the company will apply proration, meaning that the accepted offers will be calculated in proportion to the total submissions ranging down to the nearest thousand dollars.

According to Clarivate's recent announcement, the "Reference Yield" was determined on the basis of market performance of U.S. Treasury securities, making it a crucial benchmark for investors in assessing the terms of the offers. For instance, the reference yield for the 2028 Notes is listed at 4.725%, which is reflective of the broader economic yield environment.

The Impact on Noteholders

For those whose Notes are accepted for purchase, they can expect not only the principal to be returned but also accrued interest from the last interest payment date until the settlement date. This can enhance the overall return for investors who participate in this tender offer.

It's notable that Clarivate has the flexibility to adjust the tender caps according to its strategic requirements up to the time of expiration. The full terms, including all conditions related to the Offers, are available in the associated Offer to Purchase document, which all interested parties are encouraged to read closely to ensure they understand the implications and benefits.

Conclusion

Clarivate's structured approach towards the tender offer highlights its intention to manage debt effectively while providing potential value to its Noteholders. Investors are encouraged to take note of their respective financial institution's deadlines for submissions, as they may be earlier than the primary deadline established by Clarivate.

As Clarivate looks to streamline its debt commitments, it underscores its dedication to maintaining a robust financial standing conducive to growth and stability in the market. For further inquiries and detailed information, Clarivate has designated Citigroup Global Markets Inc. and Global Bondholder Services Corporation for assistance.