Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Certara, Inc. incurred term loan with Bank of America, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder at Term SOFR rate, with a floor of 0.00% plus an applicable margin rate of 2.75%.
- Instrument
- term loan
- Counterparty
- Bank of America, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder
- Rate
- Term SOFR rate, with a floor of 0.00% plus an applicable margin rate of 2.75%
- Event
- incurrence
Exact text from the filing
The Replacement Term Loans were funded in full on the Closing Date and were applied by the Company to refinance the Existing Term Loans (as defined in the Amendment) previously outstanding under the Credit Agreement.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Certara, Inc. amended credit facility with Bank of America, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder at Term SOFR rate, with a floor of 0.00% plus an applicable margin rate of 2.75%.
- Instrument
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder
- Rate
- Term SOFR rate, with a floor of 0.00% plus an applicable margin rate of 2.75%
- Event
- amendment
Exact text from the filing
The Amendment provides for, among other things, a reduction in the Applicable Rate (as defined in the Credit Agreement) with respect to the term loans under the Credit Agreement, which is expected to reduce the Company’s cost of borrowing and allow for interest expense savings, as compared to prior terms under the Credit Agreement.
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