Clearwater Analytics Announces Launch of $800 Million Term Loan B
03 Fevereiro 2025 - 9:00AM
Business Wire
Clearwater Analytics Holdings, Inc. (NYSE: CWAN), (“Clearwater”
or the “Company”), a leading worldwide provider of SaaS-based
investment management, accounting, reporting, and analytics
solutions, today announced that it is launching a proposed senior
secured Term Loan B Facility due 2033 in an aggregate principal
amount of $800.0 million (the “Term Loan”).
Clearwater intends to use proceeds from the Term Loan, together
with the issuance of equity, to fund the previously announced
acquisition of Enfusion, Inc. (NYSE: ENFN) (“Enfusion”) for a total
transaction price of approximately $1.5 billion.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers
award-winning investment portfolio planning, performance reporting,
data aggregation, reconciliation, accounting, compliance, risk, and
order management. Each day, leading insurers, asset managers,
corporations, and governments use Clearwater’s trusted data to
drive efficient, scalable investing on more than $7.3 trillion in
assets spanning traditional and alternative asset types. Additional
information about Clearwater can be found at
clearwateranalytics.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management’s beliefs and assumptions and on information
currently available to management. Forward-looking statements
include information concerning the terms of the proposed Term Loan.
Forward-looking statements include statements that are not
historical facts and can be identified by terms such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“aim,” “may,” “plan,” “potential,” “predict,” “project,” “seek,”
“should,” “will,” “would” or similar expressions and the negatives
of those terms, but are not the exclusive means of identifying such
statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors, many of which are beyond the
Company’s control, that may cause the Company’s actual results,
performance, or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. These risks and uncertainties
include, but are not limited to, those discussed under “Risk
Factors” in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2023 filed with the SEC on February 29, 2024, in
the Company’s Quarterly Report on Form 10-Q for the quarterly
period ended September 30, 2024 filed with the SEC on November 6,
2024 and in other periodic reports filed by the Company with the
SEC. These filings are available at www.sec.gov and on the
Company’s website. Given these uncertainties, you should not place
undue reliance on forward-looking statements. Also, forward-looking
statements represent management’s beliefs and assumptions only as
of the date of this press release and should not be relied upon as
representing the Company’s expectations or beliefs as of any date
subsequent to the time they are made. The Company does not
undertake to and specifically declines any obligation to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20250203262583/en/
Joon Park Investor Relations +1 415-906-9242
investors@clearwateranalytics.com Claudia Cahill Media
Relations +1 703-728-1221 press@clearwateranalytics.com
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