India, June 2 -- Clarivate Plc (CLVT), a global leader in transformative intelligence, has completed a $500 million upsize of its term loan B credit facility.
This new tranche, maturing in 2031, carries a 3.25 percent interest margin for SOFR-based loans and involves no amortization.
The funds were used to redeem $500 million of the company's 4.50 percent senior secured notes due in 2026, initially issued by subsidiary Camelot Finance S.A. Approximately $200 million of those notes remain outstanding.
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Clarivate CFO Jonathan Collins said the company capitalized on favorable credit conditions to push out most of its 2026 debt maturity. He added that with s...