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Clarivate seeks amendment to transition term loan to SOFR
By Sara Rosenberg
New York, May 22 – Clarivate plc is seeking a negative consent amendment to shift its term loan due 2026 to SOFR from Libor and add CSA, according to a market source.
The CSA being offered is ARRC standard of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate
BofA Securities Inc. is the lead on the deal.
The amendment deadline is Friday, the source added.
Clarivate is a London-based data and analytics company focused on scientific and academic research and patent intelligence.
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