We advised the borrower on the transaction

Davis Polk advised certain subsidiaries of Clarivate plc in connection with a $500 million incremental term loan facility. The proceeds of the incremental facility were used to redeem a portion of Clarivate’s outstanding 4.50% senior secured notes due 2026, originally issued on October 31, 2019.

Clarivate is a multinational company that owns and operates a collection of subscription-based services focused largely on analytics, including scientific and academic research, patent analytics, regulatory standards, trademark protection, pharmaceutical and biotechnology intelligence, domain brand protection and intellectual property management.

The Davis Polk sponsor finance team included partner Jack Orford and associates Natalie Lin, Claudia Herron and Tony Kuang. Partner Daniel P. Gibbons and associate Raphaelle Desaleux provided capital markets advice. Partners Michael Mollerus and Dominic Foulkes, counsel Freddie Schwier and associate Tyler Scheiner provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

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