Clarivate Plc (NYSE: CLVT) announced on September 17, 2026, that its wholly-owned subsidiary, Clarivate Science Holdings Corporation, has launched a cash tender offer for a specific tranche of the company's debt. The offer targets the 3.875% Senior Secured Notes due 2028.
The company is seeking to purchase up to $75,000,000 in aggregate principal amount of these notes. The tender offer is scheduled to expire at 5:00 p.m., New York City time, on September 23, 2026, unless extended by the company. Valid tenders may be withdrawn at any time prior to that expiration time.
The total consideration payable for each $1,000 principal amount of notes validly tendered will be determined based on a fixed spread plus the reference yield of a U.S. Treasury security as quoted on Bloomberg as of 2:00 p.m., New York City time, on September 23, 2026. Holders whose notes are accepted will also receive accrued and unpaid interest up to the settlement date.
The settlement date is expected to be September 25, 2026. Clarivate has retained Citigroup Global Markets Inc. as the dealer manager and Global Bondholder Services Corporation as the tender and information agent for the transaction.
