Business Context and Reporting Period
Company: Clarivate Analytics Plc (Clarivate)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Third Quarter ended September 30, 2019
Filing Date: November 5, 2019
This filing announces the Company's earnings for the three and nine months ended September 30, 2019. Detailed financial results, supplemental information, and guidance are contained in Exhibits 99.1, 99.2, and 99.3, which are incorporated by reference but not reproduced in the text of this Form 6-K.
Key Financial Metrics
The text of this Form 6-K serves as a cover document and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity.
Investors must refer to the following exhibits for specific data:
- Exhibit 99.1: Quarterly report for the three and nine months ended September 30, 2019.
- Exhibit 99.2: News release dated November 5, 2019.
- Exhibit 99.3: Supplemental information regarding revenue, earnings, and guidance.
Material Changes and Debt Instruments
While specific financial performance changes are not detailed in this text, the filing references significant debt-related agreements entered into by certain subsidiaries on October 31, 2019, furnished as Exhibits 4.1, 4.2, and 10.1:
- Indenture (Exhibit 4.1): Dated October 31, 2019, among Camelot Finance S.A., Guarantors, and Wilmington Trust, National Association.
- Senior Secured Notes (Exhibit 4.2): Form of 4.50% Senior Secured Note due 2026.
- Credit Agreement (Exhibit 10.1): Dated October 31, 2019, involving Camelot UK Holdco Limited, Camelot UK Bidco Limited, US Borrowers, and Bank of America, N.A. as administrative agent.
Guidance, Outlook, and Risks
The filing confirms that guidance information was posted to the Company's website and included in Exhibit 99.3. However, the specific outlook, management commentary, risks, contingencies, or unusual items are not described in the body of this Form 6-K.
Investor Verification Checklist
- Verify Financial Results: Access Exhibit 99.1 and 99.2 to confirm Q3 2019 revenue, net income, and cash flow figures.
- Review Guidance: Check Exhibit 99.3 for updated full-year 2019 guidance and management's outlook.
- Assess Debt Structure: Review Exhibits 4.1, 4.2, and 10.1 to understand the terms of the new 4.50% Senior Secured Notes due 2026 and the associated credit agreement.
- Confirm Incorporation by Reference: Note that Exhibit 99.1 is incorporated by reference into the Company's Form S-8 registration statement.