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Clarivate Completes Refinancing of Majority of Senior Secured Notes Due 2026

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Clarivate (NYSE: CLVT) has successfully completed a refinancing of its debt structure by securing a new $500 million term loan B facility maturing in 2031. The new loan carries an interest rate margin of 325 basis points per annum referenced to term SOFR and will not require amortization. The proceeds were used to redeem $500 million of the company's 4.50% senior secured notes due 2026, leaving $200 million of these notes still outstanding. The refinancing effectively extends the maturity of the majority of Clarivate's 2026 debt obligations. CFO Jonathan Collins highlighted that improved credit market conditions enabled this transaction, emphasizing the company's strong cash flow position and continued flexibility in capital allocation.
Clarivate (NYSE: CLVT) ha completato con successo una ristrutturazione del proprio debito, ottenendo un nuovo prestito a termine B da 500 milioni di dollari con scadenza nel 2031. Il nuovo prestito prevede un margine di interesse di 325 punti base all'anno, riferito al tasso SOFR a termine, senza necessità di ammortamento. I proventi sono stati utilizzati per rimborsare 500 milioni di dollari delle obbligazioni senior garantite al 4,50% in scadenza nel 2026, lasciando ancora in circolazione 200 milioni di queste obbligazioni. La ristrutturazione estende di fatto la scadenza della maggior parte dei debiti di Clarivate previsti per il 2026. Il CFO Jonathan Collins ha sottolineato che il miglioramento delle condizioni del mercato creditizio ha reso possibile questa operazione, evidenziando la solida posizione di flusso di cassa della società e la continua flessibilità nell'allocazione del capitale.
Clarivate (NYSE: CLVT) ha completado con éxito una refinanciación de su estructura de deuda al asegurar una nueva línea de préstamo a plazo B de 500 millones de dólares con vencimiento en 2031. El nuevo préstamo tiene un margen de interés de 325 puntos básicos anuales referenciado al SOFR a plazo y no requiere amortización. Los fondos se utilizaron para redimir 500 millones de dólares de las notas senior garantizadas al 4,50% con vencimiento en 2026, quedando 200 millones de estas notas aún en circulación. La refinanciación extiende efectivamente el vencimiento de la mayoría de las obligaciones de deuda de Clarivate para 2026. El CFO Jonathan Collins destacó que las mejores condiciones del mercado crediticio permitieron esta transacción, enfatizando la sólida posición de flujo de caja de la empresa y su continua flexibilidad en la asignación de capital.
Clarivate(NYSE: CLVT)ëŠ� 2031ë…� 만기ì� 5ì–� 달러 규모ì� 새로ìš� Bì°� ëŒ€ì¶œì„ í™•ë³´í•˜ì—¬ ë¶€ì±� 구조ë¥� 성공ì ìœ¼ë¡� 재융ìží–ˆìŠµë‹ˆë‹�. ì� ì‹ ê·œ ëŒ€ì¶œì€ ì—°ê°„ 325 ë² ì´ì‹œìФ í¬ì¸íŠ¸ì˜ ì´ìžìœ� 마진ì� ì ìš©í•˜ë©°, 기준 금리ëŠ� 기간 SOFRì� 참조하고 ìƒí™˜ì� 필요하지 않습니다. 조달 ìžê¸ˆì€ 2026ë…� 만기ì� 4.50% 선순ìœ� ë‹´ë³´ì±� 5ì–� 달러ë¥� ìƒí™˜í•˜ëŠ” ë� 사용ë˜ì—ˆìœ¼ë©°, ì� ì±„ê¶Œì€ 2ì–� 달러가 ì•„ì§ ë‚¨ì•„ 있습니다. ì´ë²ˆ 재융ìžëŠ” Clarivateì� 2026ë…� ë¶€ì±� 만기ë¥� 사실ìƒ� 연장하는 효과가 있습니다. CFOì� Jonathan CollinsëŠ� ì‹ ìš© 시장 ìƒí™© 개선ì� ì´ë²ˆ 거래ë¥� 가능하ê²� 했으ë©�, 회사ì� ê°•ë ¥í•� 현금 í름ê³� ìžë³¸ ë°°ë¶„ì� ì§€ì†ì ì� ìœ ì—°ì„±ì„ ê°•ì¡°í–ˆìŠµë‹ˆë‹¤.
Clarivate (NYSE : CLVT) a réussi à refinancer sa structure d'endettement en obtenant une nouvelle facilité de prêt à terme B de 500 millions de dollars, arrivant à échéance en 2031. Ce nouveau prêt porte une marge d'intérêt de 325 points de base par an, référencée au SOFR à terme, et ne nécessite pas d'amortissement. Les fonds ont été utilisés pour rembourser 500 millions de dollars des obligations senior garanties à 4,50 % de la société arrivant à échéance en 2026, laissant 200 millions de ces obligations encore en circulation. Ce refinancement prolonge effectivement l'échéance de la majorité des dettes de Clarivate prévues pour 2026. Le directeur financier Jonathan Collins a souligné que l'amélioration des conditions du marché du crédit a rendu cette opération possible, mettant en avant la solide position de trésorerie de l'entreprise et sa flexibilité continue dans l'allocation du capital.
Clarivate (NYSE: CLVT) hat erfolgreich eine Refinanzierung seiner Schuldenstruktur abgeschlossen, indem es eine neue Term Loan B-Fazilität über 500 Millionen US-Dollar mit Fälligkeit im Jahr 2031 sicherte. Der neue Kredit hat eine Zinsmarge von 325 Basispunkten pro Jahr, bezogen auf den Term SOFR, und erfordert keine Tilgung. Die Erlöse wurden verwendet, um 500 Millionen US-Dollar der 4,50% Senior Secured Notes des Unternehmens mit Fälligkeit 2026 zurückzuzahlen, wobei noch 200 Millionen US-Dollar dieser Notes ausstehen. Die Refinanzierung verlängert effektiv die Laufzeit der Mehrheit der Clarivate-Schulden, die 2026 fällig sind. CFO Jonathan Collins betonte, dass verbesserte Kreditmarktbedingungen diese Transaktion ermöglichten und hob die starke Cashflow-Position des Unternehmens sowie die fortwährende Flexibilität bei der Kapitalallokation hervor.
Positive
  • Extended debt maturity from 2026 to 2031 for $500M of debt, improving financial stability
  • Strong cash flow position maintained, providing flexibility in capital allocation
  • Successfully capitalized on improved credit market conditions for refinancing
Negative
  • $200 million of 2026 notes remain outstanding, requiring future refinancing or repayment

LONDON, June 2, 2025 /PRNewswire/ -- Ìý(±·³Û³§·¡: CLVT) (the "Company" or "Clarivate"), a leading global provider of transformative intelligence, announced today that it has successfully completed an incremental upsize of its term loan B credit facility.

Pursuant to an amendment to the Company's existing credit agreement dated as of October 31, 2019, the Company incurred a new $500 million tranche of incremental term loans maturing in 2031, with an interest rate margin of 325 basis points per annum in the case of loans bearing interest by reference to term SOFR.  The new term loans will not be subject to amortization.  The proceeds of the new term loans were used to redeem $500 million aggregate principal amount of the outstanding 4.50% senior secured notes due 2026, originally issued on October 31, 2019 by Camelot Finance S.A., a subsidiary of the Company, at a cash redemption price of $500 million, plus accrued and unpaid interest to the redemption date of May 30, 2025. After giving effect to the partial redemption, $200 million aggregate principal amount of the notes remain outstanding.

"We were pleased to take advantage of improved credit market conditions to successfully extend the majority of our 2026 debt maturity," said Jonathan Collins, Executive Vice President and Chief Financial Officer. "With our strong cash flow, we continue to have flexibility in our capital allocation moving forward."

About Clarivate
Clarivate� is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit .

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FAQ

What is the size of Clarivate's new term loan facility and when does it mature?

Clarivate's new term loan facility is $500 million and matures in 2031.

What interest rate will Clarivate (CLVT) pay on the new term loan?

The new term loan has an interest rate margin of 325 basis points per annum referenced to term SOFR.

How much of Clarivate's 2026 senior secured notes remain outstanding after this refinancing?

$200 million of the 2026 senior secured notes remain outstanding after the $500 million redemption.

What was the purpose of Clarivate's debt refinancing in June 2025?

The refinancing was done to extend the maturity of $500 million of debt from 2026 to 2031, taking advantage of improved credit market conditions.

Will Clarivate's new term loan require regular principal payments?

No, the new term loans will not be subject to amortization.
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