debt
confidence high
sentiment positive
materiality 0.60
Certara refinances credit facility; extends term loan maturity to 2031, revolver to 2029
Certara, Inc.
- Total new term loans of $300M (including $5M incremental) refinance existing debt and fund general corporate purposes.
- Term loan maturity extended to June 26, 2031; revolving facility maturity extended to June 26, 2029.
- Pricing reduced: Term SOFR + 3.00% for term loans; revolver spread 2.75%-3.50% based on leverage.
- New term loans funded at 99.75% of par (0.25% original issue discount).
- Company expects interest expense savings compared to prior credit agreement terms.