Brief: Clarivate Announces Commencement Of Term Loan Refinancing Transaction

CLARIVATE

22/01/2024 12:36

Jan 22 (Reuters) - CLARIVATE PLC  16A.F :
    * CLARIVATE ANNOUNCES COMMENCEMENT OF TERM LOAN REFINANCING
TRANSACTION
    * CLARIVATE - LAUNCH OF PROCESS TO REFINANCE CO'S 2026 TERM
LOAN B
CREDIT FACILITY THAT WOULD EXTEND MATURITY TO 2031 FOR NEW
COMBINED TERM LOAN OF $2.2 BILLION
    * CLARIVATE PLC: EXPECTS TO RECORD A NON-CASH GOODWILL
IMPAIRMENT
CHARGE IN RANGE OF APPROXIMATELY $800 MILLION TO $900 MILLION IN
Q4 2023
    * CLARIVATE PLC: CHARGE IS EXPECTED TO LOWER COMPANY'S 2023
FORECAST OF A GAAP NET LOSS
    * CLARIVATE PLC: TERMS OF POTENTIAL REFINANCING WILL BE
DISCLOSED
UPON COMPLETION OF TRANSACTION

Source text for Eikon:  ID:nPn4xHFBHa 
Further company coverage:  16A.F 

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