Clarivate prices cash tender offer for USD 75 million of 3.875% secured notes due 2028 at USD 975.15 per USD 1,000
CLVT•Tender offer details
Clarivate launched a cash tender offer to buy up to USD 75 million of its 3.875% Senior Secured Notes due 2028.
- Total consideration is set at USD 975.15 per USD 1,000 principal, subject to proration under the tender cap.
- Pricing used a 4.864% reference yield on the 4.125% UST due June 30, 2028, with a 50-basis-point spread.
- The offer expires at 5 p.m. New York time today; settlement is expected Sept. 25.
