Clarivate's Subsidiary Redeems The Remaining 2026 Senior Secured Notes

Clarivate Plc (NYSE:CLVT) is one of the 7 Penny Stocks With Low Forward P/E Ratios to Look For.

On February 2, Clarivate Plc (NYSE:CLVT) announced that its subsidiary, Camelot Finance S.A., has redeemed the remaining aggregate principal amount of its 4.50% senior secured notes due 2026.

Camelot paid the remaining $100 million aggregate principal on its senior secured notes issued on October 31, 2019. The company redeemed the 2026 Notes on January 30, 2026, at a cash redemption price equal to 100% of the remaining principal amount, including accrued and unpaid interest through the Redemption Date.

Camelot’s Senior Note redemption is part of Clarivate’s ongoing effort to simplify its capital structure and minimize debt, thereby improving financial flexibility. The company funded the redemption with cash on hand. Jonathan Collins, Executive Vice President and Chief Financial Officer, said:

We remain focused on strengthening our balance sheet, enhancing financial flexibility, and driving long‑term value creation for our shareholders.

Clarivate Plc (NYSE:CLVT) also completed share repurchases valued at nearly $75 million during Q4 FY2025. In FY2025, the company repurchased approximately 56 million CLVT shares for $225 million.

CLVT has a consensus median price target of $4, implying an upside of over 48% as of February 3. Clarivate Plc has a forward PE ratio of 4.12.

Clarivate Plc (NYSE:CLVT) is an information services provider offering scientific and academic research, connected data, solutions, and expertise. The company operates via three segments, including Academia & Government, Life Sciences & Healthcare, and Intellectual Property.

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Disclosure: None. This article is originally published at Insider Monkey.