The offer encompasses $825 million in total outstanding notes. Holders who tender their securities by the 5:00 p.m. New York City deadline on September 23 will receive the total consideration plus accrued, unpaid interest up to the settlement date, which is anticipated to be September 25. Clarivate retains the right to adjust the tender cap or terminate the offer entirely if specific conditions stipulated in the offer documents are not met.
Clarivate Launches Cash Tender Offer for 2028 Senior Secured Notes
Clarivate Science Holdings Corporation has initiated a cash tender offer for its 3.875% senior secured notes due in 2028. The company capped the aggregate purchase principal at $75 million, with the final consideration tied to a fixed spread over the reference treasury security as of September 23, 2026.
Citigroup Global Markets Inc. is serving as the dealer manager for the transaction, while Global Bondholder Services Corporation acts as the tender and information agent. Investors are encouraged to consult their respective brokers or intermediaries regarding submission deadlines, as these may precede the company’s official expiration date. The firm clarified that this announcement does not constitute a recommendation for holders to tender their notes, noting that individual investment decisions remain at the discretion of the security holders.
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