Clarivate Plc said its wholly-owned subsidiary, Clarivate Science Holdings Corporation, has begun a cash tender offer for its 3.875% Senior Secured Notes due 2028. The offer is capped at $75 million in aggregate principal amount, subject to proration and other conditions, although the company may adjust the cap before expiration. The notes have $825 million outstanding and mature July 1, 2028. The total consideration per $1,000 principal amount will be based on the yield of the 4.125% U.S. Treasury due June 30, 2028, plus a fixed spread of 50 basis points. The offer is scheduled to expire at 5:00 p.m. New York City time on September 23, 2026, with settlement expected on September 25. Holders whose notes are accepted will also receive accrued and unpaid interest. Citigroup Global Markets Inc. is serving as dealer manager, while Global Bondholder Services Corporation is the tender and information agent. The offer is not contingent on a minimum aggregate principal amount, but remains subject to stated conditions. Clarivate said the release contains forward-looking statements regarding completion of the offer and referred investors to its filings with the U.S. Securities and Exchange Commission.