Semrush amends credit agreement to incorporate SOFR

By Wendy Van Sickle

Columbus, Ohio, July 6 – Semrush Holdings, Inc. and its Semrush Inc. subsidiary amended their credit agreement with Goldman Sachs Lending Partners LLC and JPMorgan Chase Bank, NA on June 30 to transition the interest rate to be based on SOFR plus a credit spread adjustment instead of Libor, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement was originally entered on Jan. 12, 2021.

Based in Boston, Semrush is an online visibility management and content marketing SaaS platform.

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