Clarivate completes refinancing of term loan and revolver extension

London , feb. 1, 2024 /prnewswire/ -- clarivate plc (nyse: clvt) (the "company" or "clarivate"), a global leader in connecting people and organizations to intelligence they can trust to transform their world, announced today that it has successfully completed the refinancing of its term loan b credit facility and the extension of the maturity date of its revolving credit facility. pursuant to an amendment to the company's existing credit agreement dated as of october 31, 2019, the company refinanced all of its existing term loans with a new $2.150 billion tranche of term loans maturing in 2031, with a reduced interest rate margin of 275 basis points per annum in the case of loans bearing interest by reference to term sofr.
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