Certara finalizes discount on $250 million term loan at 99.5

By Sara Rosenberg

New York, Aug. 7 – Certara firmed the original issue discount on its $250 million seven-year senior secured first-lien term loan (B2/B) at 99.5, the tight end of revised talk of 99 to 99.5 and tight of initial talk of just 99, according to a market source.

Pricing on the first-lien term loan is Libor plus 400 basis points with a 1% Libor floor, and the debt has 101 soft call protection for six months.

Earlier in syndication, the spread on the first-lien term loan was reduced from talk of Libor plus 425 bps to 450 bps.

The company’s credit facilities also include a $20 million five-year senior secured revolver (B2/B) and a $100 million pre-placed eight-year HoldCo unsecured term loan.

Jefferies LLC and Golub are the bookrunners on the deal.

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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