Clarivate launches $1.54 billion term loan at Libor plus 325 bps

By Sara Rosenberg

New York, Nov. 9 – Clarivate Analytics (Camelot Finance LP) launched in its call on Thursday a $1,535,000,000 first-lien term loan due October 2023 that is talked at Libor plus 325 basis points with a 1% Libor floor and a par issue price, according to a market source.

The term loan includes 101 soft call protection for six months, the source said.

Credit Suisse Securities (USA) LLC is the left lead bank on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 350 bps with a 1% Libor floor.

Commitments are due on Wednesday, the source added.

Clarivate, formerly known as the Thomson Reuters’ Intellectual Property & Science (IP&S) business, is a Philadelphia-based provider of comprehensive intellectual property and scientific information, decision support tools and services.

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