Certara to launch $270 million credit facilities on Wednesday

By Sara Rosenberg

New York, July 24 – Certara is set to hold a bank meeting at 11:30 a.m. ET on Wednesday to launch $270 million of senior secured credit facilities, according to a market source.

Jefferies LLC and Golub are the bookrunners on the deal.

The facilities consist of a $20 million five-year revolver and a $250 million seven-year first-lien term loan, the source said.

Included in the first-lien term loan is 101 soft call protection for six months.

The company is also getting a $100 million pre-placed eight-year HoldCo unsecured term loan.

Proceeds will be used to help fund the buyout of the company by EQT from Arsenal Capital Partners for $850 million. Arsenal Capital will retain a minority ownership stake in the company.

Certara is a Princeton, N.J.-based provider of technology-driven decision support solutions for drug development.

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