Clarivate sets prices for debt tender offers totaling up to $500 million
+2 new sources since this summary was written
On November 10, 2026, Clarivate announced the pricing for offers by its subsidiary, Clarivate Science Holdings Corporation, to acquire portions of two bond series. The company will pay $979.08 for each $1,000 of validly accepted 3.875% Senior Secured Notes due 2028 and $928.75 for each $1,000 of validly accepted 4.875% Senior Notes due 2029. The offers are limited by a $500,000,000 aggregate principal cap, with adjusted series caps of $415,000,000 for the 2028 notes and $118,000,000 for the 2029 notes.
Why it matters
The transaction gives eligible bondholders a defined cash exit price, while Clarivate may retire only part of the outstanding debt because of the aggregate and series limits. Settlement is expected on November 13, 2026, and accepted tenders will include accrued and unpaid interest through the settlement date.
Key facts
- 1The 2028 notes have $750,000,000 outstanding, and their adjusted purchase cap is $415,000,000. prnewswire.com
- 2The 2029 notes have $900,000,000 outstanding, and their adjusted purchase cap is $118,000,000. prnewswire.com
- 3The consideration is $979.08 per $1,000 principal amount for the 2028 notes and $928.75 per $1,000 principal amount for the 2029 notes. sec.gov
- 4The company increased the amount sought for each note series by 2% of that series' outstanding aggregate principal amount. prnewswire.com
- 5The withdrawal deadline was 5:00 p.m. New York City time on November 10, 2026, and the expected settlement date is November 13, 2026. sec.gov
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.