Certara talks $300 million term loan at Libor plus 325-350 bps

By Sara Rosenberg

New York, May 19 – Certara is seeking a $300 million term loan that is talked at Libor plus 325 basis points to 350 bps with a 0% Libor floor and an original issue discount of 99.5 to 99.75, according to a market source.

BofA Securities Inc. is the lead on the deal that launched with a call on Tuesday.

Commitments are due at noon ET on May 26, the source added.

Proceeds will be used to refinance existing debt.

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

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