Clarivate Has Launched A Process To Refinance Its 2026 Term Loan B Credit Facility That Would Extend The Maturity To 2031 For A New Combined Term Loan Amount Of $2.2B
Portfolio Pulse from Benzinga Newsdesk
Clarivate has initiated a refinancing process for its Term Loan B credit facility due in 2026. The goal is to extend the maturity to 2031 and combine it into a new term loan amounting to $2.2 billion.
January 22, 2024 | 12:25 pm
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Clarivate is seeking to refinance its 2026 Term Loan B, which would extend the loan's maturity to 2031 and consolidate it into a new $2.2 billion term loan.
Refinancing the Term Loan B could be seen positively by investors as it may improve Clarivate's debt maturity profile and financial flexibility. Extending the maturity reduces the near-term liquidity risk and could potentially lower interest expenses, which might be favorable for the stock price in the short term.
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