Clarivate Plc announced on September 23, 2026, the pricing terms for a cash tender offer to purchase outstanding debt securities. The offer is being conducted by Clarivate Science Holdings Corporation, a wholly-owned subsidiary of Clarivate, for its 3.875% Senior Secured Notes due 2028.
The company is offering to purchase the notes subject to a tender cap of $75,000,000 in aggregate principal amount. The total consideration per $1,000 principal amount of notes tendered and accepted is $975.15. This price is calculated based on a fixed spread of 50 basis points plus a reference yield of 4.864% on the 4.125% U.S. Treasury note due June 30, 2028, as determined at 2:00 p.m. New York time on September 23, 2026.
In addition to the principal consideration, holders whose notes are accepted will receive accrued interest from the last interest payment date up to, but excluding, the settlement date. The settlement date is scheduled for September 25, 2026.
Valid tenders may be withdrawn at any time prior to 5:00 p.m. New York City time on September 23, 2026. The company has retained Citigroup Global Markets Inc. as the dealer manager and Global Bondholder Services Corporation as the tender and information agent.
