secwatch.observer — SEC 8-K summary
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Issuer:     Certara, Inc. (CERT)
CIK:        0001827090
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001104659-24-075179
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Certara refinances credit facility; extends term loan maturity to 2031, revolver to 2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827090/000110465924075179/0001104659-24-075179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827090/000110465924075179/tm2418257d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-075179

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