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Clarivate unit prices note tenders capped at $500M

The offers carry a $500 million aggregate principal cap, separate series limits, and an expected settlement date of November 13, 2026.

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Form Type
8-K

Rhea-AI Filing Summary

Clarivate Plc announced pricing terms for cash tender offers by its wholly owned subsidiary, Clarivate Science Holdings Corporation, to purchase its 3.875% Senior Secured Notes due 2028 and 4.875% Senior Notes due 2029, subject to a $500 million aggregate principal amount Tender Cap. The table lists Series Caps of $415 million for the 2028 Notes and $118 million for the 2029 Notes; their respective outstanding principal amounts are $750 million and $900 million.

The table lists Total Consideration of $979.08 for the 2028 Notes and $928.75 for the 2029 Notes; the release states that the 2029 amount is payable per each $1,000 principal amount. Holders of notes accepted for purchase also receive accrued and unpaid interest. Tenders may be withdrawn until 5:00 p.m. New York City time on November 10, 2026. The offers expire at that time unless extended or earlier terminated; settlement is expected November 13, 2026.

Filing Explained

The $415 million and $118 million series caps are not guaranteed purchases: both remain subject to the $500 million combined cap, valid tenders may be prorated, and the subsidiary is not obligated to buy notes if offer conditions are unmet or unwaived.

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.
Tender Cap $500 million aggregate principal amount Aggregate cap on Notes purchased in the offers
Series Cap—2028 Notes $415 million principal amount Maximum principal amount listed for the 2028 Notes
Series Cap—2029 Notes $118 million principal amount Maximum principal amount listed for the 2029 Notes
Aggregate principal amount outstanding—2028 Notes $750 million Outstanding amount shown in the table
Aggregate principal amount outstanding—2029 Notes $900 million Outstanding amount shown in the table
Total Consideration—2028 Notes $979.08 Amount listed in the pricing table
Total Consideration—2029 Notes $928.75 per $1,000 principal amount Consideration stated for 2029 Notes validly tendered for purchase
Reference Yield—2028 Notes 4.725% Reference Yield shown in the pricing table
Tender Cap financial
"a cap on the aggregate principal amount of Notes purchased"
A tender cap is the maximum number of shares or maximum total value a buyer will accept in a tender offer, essentially a limit on how much stock the bidder is willing to buy. It matters to investors because if more shares are tendered than the cap allows, the buyer will scale back purchases proportionally, like selling a fixed number of tickets when demand is higher than supply, which affects how many shares each holder can sell and the likely outcome of the offer.
Series Cap financial
"a cap on the aggregate principal amount of the 2028 Notes"
Reference Yield financial
"the Reference Yield with respect to the 2028 Notes"
The reference yield is the standard rate of return on a debt security, like a government bond, that investors expect to earn if they buy it at its current price. It acts like a benchmark, helping investors compare different bonds and decide if they are worth buying, much like checking the interest rate on a savings account to see how much you will earn over time.
Fixed Spread financial
"based on the Fixed Spread, plus the Reference Yield"
A fixed spread is a set difference between the buying and selling prices of a financial instrument that remains constant regardless of market conditions. For investors, this means the cost to trade stays predictable, making it easier to understand potential expenses and plan accordingly—similar to a fixed fee in a service that doesn’t change, no matter how busy or slow the market becomes.
proration financial
"In the event proration is required with respect to a Series of Notes"
Proration is the method of dividing a limited quantity—such as shares in an offering, dividends, or rights—among claimants when demand exceeds supply, so each participant receives a proportional slice rather than the full amount requested. It matters to investors because proration determines how many shares or what portion of a payout they actually receive, which affects portfolio size, cash needs, and the expected return; think of it as splitting a pie fairly when more people want a piece than there are slices.
accrued and unpaid interest financial
"receive accrued and unpaid interest on those Notes"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

FAQ

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

What consideration does CLVT offer for its 2028 and 2029 notes?

The table lists Total Consideration of $979.08 for the 2028 Notes and $928.75 for the 2029 Notes. The release states that the 2029 amount is payable per each $1,000 principal amount; the 2028 amount is based on its Fixed Spread plus its Reference Yield.

What are CLVT's tender offer caps and expiration deadline?

The offers have a $500 million aggregate principal amount Tender Cap, with Series Caps of $415 million for the 2028 Notes and $118 million for the 2029 Notes. The expiration time is 5:00 p.m. New York City time on November 10, 2026, unless extended or earlier terminated by the subsidiary.

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

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false 0001764046 0001764046 2026-11-10 2026-11-10 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 10, 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 10, 2026, Clarivate Plc issued a press release announcing the pricing terms 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 10, 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 10, 2026 By: /s/ John Doulamis
  Name: John Doulamis
  Title: Senior Vice President, General Counsel

 

 

 

Exhibit 99.1

 

 

Clarivate Announces Pricing Terms of Offers to Purchase for Cash Certain of its Outstanding Debt Securities

 

LONDON, November 10, 2026: Clarivate Plc (NYSE: CLVT) ("Clarivate"), a leading global provider of transformative intelligence, today announced the Reference Yield with respect to the 2028 Notes and the 2028 Notes Total Consideration (as set forth in the table below) to be paid in connection with its previously announced cash tender offers (collectively, the "Offers") by its wholly-owned subsidiary, Clarivate Science Holdings Corporation (the “Company”), to purchase the outstanding notes described below, 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").

 

The Company is offering to purchase in the Offers its 3.875% Senior Secured Notes due 2028 (the "2028 Notes") and its 4.875% Senior Notes due 2029 (the “2029 Notes” and, together with the 2028 Notes, the “Notes” and, each, a “Series of Notes”) for the applicable consideration described below, subject to a $500,000,000 cap on the aggregate principal amount of Notes purchased in the Offers (the "Tender Cap"), proration and the terms and conditions set forth in the Offer to Purchase, including, among others, a $400,000,000 cap on the aggregate principal amount of the 2028 Notes to be purchased and a $100,000,000 cap on the aggregate principal amount of the 2029 Notes to be purchased pursuant to the Offers (each, a “Series Cap”). Subject to applicable law, the Company may, but is under no obligation to, eliminate, increase or decrease the Tender Cap and/or the applicable Series Cap at any time prior to the "Expiration Date" of 5:00 p.m., New York City time, on November 10, 2026 (unless extended or earlier terminated by the Company with respect to any Offer). In the event proration is required with respect to a Series of Notes, the Company will multiply the principal amount of each valid tender of such Series of Notes by the applicable proration rate and round the resulting amount down to the nearest $1,000 principal amount in order to determine the principal amount of such tender that will be accepted pursuant to the applicable Offers. The excess principal amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders, and if this excess principal amount of Notes is less than $2,000, the Company may either accept or reject all such tendering Holders' validly tendered Notes in its sole discretion. 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. The Offer to Purchase and any related documents are referred to herein collectively as the "Tender Offer Documents". Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

 

 

 

Certain information regarding the Notes and the pricing for the Offers is set forth in the table below.

 

Series of Notes Issuer CUSIP / ISIN Number(1) Aggregate Principal Amount Outstanding Series Cap(2)

Reference Security

 

Reference Yield(3) Bloomberg Reference Page Fixed Spread (Basis Points) Total Consideration(4)
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 4.125% UST due June 30, 2028 4.725% FIT 4 +50 $979.08
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

 

 
(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)The Reference Yield with respect to the 2028 Notes was determined at 2:00 p.m., New York time, on November 10, 2026.

 

(4)Represents the applicable total consideration for the 2028 Notes (the "2028 Notes Total Consideration) and the 2029 Notes (the "2029 Notes Total Consideration") payable per each $1,000 principal amount of the applicable Series of Notes validly tendered and accepted for purchase in the applicable Offer.

 

The 2028 Notes Total Consideration is based on the Fixed Spread, plus the Reference Yield with respect to the 2028 Notes based on the bid-side price of the Reference Security as quoted on the Bloomberg Reference Page as of 2:00 p.m., New York City time, today, November 10, 2026 (the "Price Determination Date"). As previously announced, the 2029 Notes Total Consideration payable per each $1,000 principal amount of such 2029 Notes validly tendered for purchase will be $928.75. In addition to the applicable consideration, Holders whose Notes are accepted for purchase pursuant to an Offer will receive accrued and unpaid interest on those Notes from the last interest payment date with respect to those Notes to, but excluding, the Settlement Date.

 

Tenders of Notes of a Series may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, today, November 10, 2026 (the "Withdrawal Deadline"), but, except as provided in the Offer to Purchase or required by applicable law, may not be validly withdrawn thereafter. The "Settlement Date" will be the second business day after the Expiration Date and is expected to be November 13, 2026.

 

The complete terms and conditions of the Offers are set forth in the Tender Offer Documents. Holders are urged to read the Tender Offer Documents carefully. If any condition to the Offers is not satisfied or waived, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each case subject to applicable law, and may terminate or alter any or all of the Offers.

 

 

 

The Company has retained Citigroup Global Markets Inc. to act as dealer manager (the "Dealer Manager") for the Offers. Global Bondholder Services Corporation will act 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.

 

Holders of Notes are advised to check with each bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

 

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 are 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. None of the Company, Clarivate, the Dealer Manager or the Tender and Information Agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Offers. Holders must make their own decisions as to whether to tender Notes, and, if so, the principal amount of Notes to tender.

 

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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