Clarivate may use expected free cash flow to cut debt to equity ratio

By Devika Patel

Knoxville, Tenn., Sept. 16 – Clarivate plc plans to reduce its debt to equity ratio using the $1 billion of free cash flow it expects to generate.

The company also intends to reduce the number of its outstanding shares with the cash.

“I feel really good about where we’re at now,” executive chairman and chief executive officer Jerre Stead said at the Barclays Global Financial Services Conference on Wednesday.

“We’ll be delivering over $1 billion of free cash flow and we’ll use that very efficiently to reduce the number of outstanding shares and also reduce the debt to equity ratio, if you will,” he said.

Clarivate is a London-based data and analytics company focused on scientific and academic research and patent intelligence.

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