Clarivate launches cash tender offers for up to $500 million in notes
CLVT•Clarivate launched cash tender offers through a subsidiary for up to $500 million of notes: up to $400 million of 3.875% notes due 2028 and $100 million of 4.875% notes due 2029.
1. Tender offer terms
Clarivate launched cash tender offers through a subsidiary to purchase up to $500 million of outstanding notes. Holders of the 2029 notes will receive $928.75 per $1,000 principal amount, excluding accrued interest; pricing for the 2028 notes will be set Nov. 10, 2026, using the reference Treasury yield plus a 50-basis-point spread. The offers expire at 5 p.m. New York time on Nov. 10, with settlement expected Nov. 13.
