The offer, managed by Citigroup Global Markets, relies on a reference yield of 4.864% based on 2028 U.S. Treasury securities. Holders who tender their notes by the 5:00 p.m. New York City deadline will receive the specified consideration plus any accrued and unpaid interest up to the expected settlement date of September 25, 2026. The company reserves the right to adjust the tender cap or reject partial tenders if proration becomes necessary.
Clarivate Sets Pricing for $75 Million Senior Secured Notes Buyback
Clarivate Science Holdings Corporation has finalized the pricing terms for its cash tender offer to repurchase up to $75 million of its 3.875% senior secured notes due in 2028. The company established a total consideration of $975.15 per $1,000 principal amount, with the deadline for participation set for September 23.
Investors are required to navigate the process through their respective brokers or financial intermediaries, which may impose internal deadlines preceding the company's official cutoff. While the offer provides a window for liquidity, the company has explicitly stated that it makes no recommendation regarding whether holders should participate. All relevant tender documents are available through the designated information agent, Global Bondholder Services Corporation.
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