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Clarivate unit accepts $533M in debt tender offers

Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Clarivate Plc reported final results of cash tender offers by its wholly owned subsidiary, Clarivate Science Holdings Corporation, which accepted $533 million aggregate principal amount of notes for purchase. The accepted amount includes $415 million of 3.875% Senior Secured Notes due 2028 and $118 million of 4.875% Senior Notes due 2029.

The subsidiary exercised its right to increase each Series Cap by 2% of the outstanding aggregate principal amount of that series. The 2028 Notes had $611.502 million tendered and a 67.9% proration factor; the 2029 Notes had $259.297 million tendered and a 45.5% proration factor. The offers expired November 10, 2026, after all conditions were satisfied or waived. Settlement is scheduled for November 13, 2026; holders whose notes were accepted will also receive an accrued coupon payment, and unaccepted notes will be returned promptly.

1 point · 1 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 0 points

How the balance works

Positive

  • Major pointClarivate's subsidiary accepted $533 million of debt principal for purchase. 36% of market cap

Negative

  • None.

Filing Explained

In the completed tender, Clarivate accepted $533 million of principal; the table separately lists total consideration of $979.08 for 2028 notes and $928.75 for 2029 notes, so accepted principal is not itself the stated consideration.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Aggregate principal accepted $533 million Across the 2028 and 2029 Notes
Aggregate principal accepted $415 million 3.875% Senior Secured Notes due 2028
Aggregate principal accepted $118 million 4.875% Senior Notes due 2029
Proration factor 67.9% 3.875% Senior Secured Notes due 2028
Proration factor 45.5% 4.875% Senior Notes due 2029
Aggregate principal amount outstanding prior to tender offer $750 million 3.875% Senior Secured Notes due 2028
Aggregate principal amount outstanding prior to tender offer $900 million 4.875% Senior Notes due 2029
Series Cap financial
"the “2028 Notes Series Cap”"
proration factor financial
"Proration Factor"
A proration factor is the percentage used to scale back how many shares or rights each investor receives when demand exceeds the available supply, such as in an oversubscribed offering or dividend distribution. It matters because it determines the actual number of shares an investor will get and the effective price or value per share they end up with — like cutting a limited number of pizza slices among more people than there are slices, so everyone gets a proportional piece.
Accrued Coupon Payment financial
"will also receive an Accrued Coupon Payment"
An accrued coupon payment is the interest earned on a bond that has accumulated since the last payment date but has not yet been paid to the investor. Think of it like interest building up in a savings account that will be paid out later; it reflects the amount the investor is owed for holding the bond during that period. This figure matters because it helps accurately determine the bond’s current value and the investor’s true earnings.
Withdrawal rights financial
"Withdrawal rights for the Offers expired at the Expiration Date"
A legal right that lets an investor cancel or back out of a financial transaction—such as buying shares, subscribing to an offering, or agreeing to a corporate action—within a specified short period and receive a refund or reversal. It matters because it acts like a cooling-off period or return policy: investors can change their mind if new information appears or circumstances change, reducing immediate risk and preserving liquidity while decisions are reassessed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much Clarivate (CLVT) debt was accepted in the tender offers?

Clarivate Science Holdings Corporation accepted $533 million aggregate principal amount of notes for purchase: $415 million of the 3.875% Senior Secured Notes due 2028 and $118 million of the 4.875% Senior Notes due 2029.

What were the proration rates for Clarivate's (CLVT) note tender offers?

The proration factor was 67.9% for the 2028 Notes and 45.5% for the 2029 Notes. The subsidiary accepted $415 million and $118 million principal amount, respectively.

When will Clarivate tender offer holders receive accrued coupon payments?

Holders whose notes were accepted are scheduled to receive an Accrued Coupon Payment on November 13, 2026, the Settlement Date. Notes validly tendered but not accepted will be returned promptly in accordance with the Offer to Purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001764046 00-0000000 0001764046 2026-11-12 2026-11-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 12, 2026

 

CLARIVATE PLC

(Exact name of registrant as specified in its charter)

 

Jersey, Channel Islands

(State or other jurisdiction of incorporation or organization)

 

001-38911

(Commission File Number)

 

N/A

(I.R.S. Employer Identification No.)

 

70 St. Mary Axe

London EC3A 8BE

United Kingdom

(Address of Principal Executive Offices)

 

(44) 207-433-4000

Registrant's telephone number, including area code

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Ordinary Shares, no par value CLVT New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01. Other Events.

 

On November 12, 2026, Clarivate Plc issued a press release announcing the expiration and results of the previously announced cash tender offers by its wholly-owned subsidiary, Clarivate Science Holdings Corporation, for certain of its debt securities. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

No. Description
99.1 Press release issued by Clarivate Plc dated November 12, 2026
104 Cover page of this Current Report on Form 8-K formatted in Inline XBRL

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  CLARIVATE PLC
   
Date: November 12, 2026 By: /s/ John Doulamis
  Name: John Doulamis
  Title: Senior Vice President, General Counsel

 

 

Exhibit 99.1

 

Clarivate Announces Final Results of Offers to Purchase for Cash Certain of its Outstanding Debt Securities

 

LONDON, November 12, 2026: Clarivate Plc (NYSE: CLVT) ("Clarivate"), a leading global provider of transformative intelligence, today announced the expiration and final results of its previously announced cash tender offers (collectively, the "Offers") by its wholly-owned subsidiary, Clarivate Science Holdings Corporation (the “Company”), to purchase the outstanding 3.875% Senior Secured Notes due 2028 (the "2028 Notes") for aggregate principal amount of up to $400,000,000 (the “2028 Notes Series Cap”) and the outstanding 4.875% Senior Notes due 2029 (the "2029 Notes" and, together with the 2028 Notes, the “Notes” and, each, a “Series of Notes”) for aggregate principal amount of up to $100,000,000 (the “2029 Notes Series Cap” and, together with the 2028 Notes Series Cap, each, a “Series Cap”), in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated November 4, 2026 (the "Offer to Purchase") and any related documents (collectively with the Offer to Purchase, the "Tender Offer Documents"). Additionally, the Company has exercised its right to increase the aggregate principal amount of 2028 Notes and 2029 Notes accepted for purchase by 2% of the outstanding aggregate principal amount of each Series of Notes, and as a result, will accept for purchase $533,000,000 total aggregate principal amount of the Notes, with the tendered 2028 Notes and 2029 Notes accepted at a proration factor of approximately 67.9% and 45.5%, respectively. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

  

The Offers expired at 5:00 p.m., New York City time, on November 10, 2026 (such time and date, the "Expiration Date"). Withdrawal rights for the Offers expired at the Expiration Date, and accordingly, Notes validly tendered in the Offers may no longer be withdrawn except where additional withdrawal rights are required by law.

 

At the Expiration Date, according to information provided by Global Bondholder Services Corporation, the tender and information agent for the Offers (the "Tender and Information Agent"), the aggregate principal amount of each Series of Notes validly tendered and not validly withdrawn pursuant to the Offers and the aggregate principal amount of each Series of Notes accepted for purchase, are set forth in the table below.

 

 

 

Series of Notes Issuer CUSIP / ISIN Number(1) Aggregate Principal Amount Outstanding Prior to Tender Offer Series Cap(2) Total Consideration Aggregate Principal Amount Tendered Aggregate Principal Amount Accepted Proration Factor(5)
3.875% Senior Secured Notes due 2028 Clarivate Science Holdings Corporation

144A: 18064P AC3 / US18064PAC32

Reg S: U1800Q AC3 / USU1800QAC34

$750,000,000 $415,000,000 $979.08(3) $611,502,000 $415,000,000 67.9%
4.875% Senior Notes due 2029 Clarivate Science Holdings Corporation

144A: 18064P AD1 / US18064PAD15

Reg S: U1800Q AD1 / USU1800QAD17

$900,000,000 $118,000,000 $928.75(4) $259,297,000 $118,000,000 45.5%

 
(1)No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed above.

(2)Reflects a 2% increase in the aggregate principal amount of 2028 Notes and 2029 Notes sought in the applicable Offer.

(3)Represents the total consideration for the 2028 Notes (the "2028 Notes Total Consideration") payable per each $1,000 principal amount of the 2028 Notes validly tendered and accepted for purchase in the applicable Offer. The 2028 Notes Total Consideration was determined at 2:00 p.m., New York City time, on November 10, 2026, in the manner described in the Tender Offer Documents.

(4)Represents the total consideration for the 2029 Notes payable per each $1,000 principal amount of the 2029 Notes validly tendered and accepted for purchase in the applicable Offer.

(5)In accordance with the terms of the Offer to Purchase, each Series of Notes accepted for purchase are subject to proration so that the aggregate principal amount accepted did not exceed the applicable Series Cap. The final proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes.

 

All conditions to the Offers were satisfied or waived on or prior to the Expiration Date. On the "Settlement Date" of November 13, 2026, Holders whose Notes have been accepted for purchase will also receive an Accrued Coupon Payment. The Notes validly tendered but not accepted for purchase will be returned promptly to the tendering Holders in accordance with the Offer to Purchase.

 

Citigroup Global Markets Inc. served as dealer manager (the "Dealer Manager") for the Offers. Global Bondholder Services Corporation served as the Tender and Information Agent for the Offers. For additional information, please contact: Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect), and ask for Steve Cheeseman, Kevin Mills or Joyce Lam. Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only) and (855) 654-2015 (for all others toll-free) or to the Dealer Manager at its telephone number. Copies of the Offer to Purchase are available at: https://www.gbsc-usa.com/clarivate/. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

 

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offers were made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase.

 

 

 

Forward-Looking Statements

 

This release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions, or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of the “safe harbor provisions” of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include all matters that are not historical facts, including statements relating to our intentions, beliefs, or current expectations concerning, among other things, the completion of the Offers. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” or “should” or, in each case, their negative or other variations or comparable terminology. Such forward-looking statements are based on available current market material and management’s expectations, beliefs, and forecasts concerning future events impacting us. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in Item 1A. Risk Factors in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). There can be no assurance that future developments affecting us will be those that we have anticipated. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Please consult our public filings with the SEC, which are also available on our website at www.clarivate.com.

 

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 and Intellectual Property. For more information, please visit www.clarivate.com.

 

Media Contact:

Amy Bourke-Waite, Senior Director, Communications & Brand 

newsroom@clarivate.com

 

Investor Relations Contact:

Mark Donohue, Vice President, Investor Relations 

investor.relations@clarivate.com

 

 

Filing Exhibits & Attachments

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