Clarivate launches cash tender offer for up to USD 75 million of 3.875% senior secured notes due 2028 - CLVT News | RalliesClarivate launches cash tender offer for up to USD 75 million of 3.875% senior secured notes due 2028
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CLVT• Clarivate launches tender offer for senior secured notes
- Clarivate launched a cash tender offer for up to USD 75 million of Clarivate Science Holdings’ 3.875% Senior Secured Notes due 2028.
- The notes total USD 825 million outstanding; purchases may be prorated if tenders exceed the cap.
- Pricing is set on Sept. 23 using a fixed spread of 50 bps over the 4.125% U.S. Treasury due June 30, 2028.
- The offer expires at 5:00 p.m. New York time on Sept. 23; settlement is expected on Sept. 25.
