Certara, Inc. Files 8-K for Material Definitive Agreement
Ticker: CERT · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1827090
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-K
TL;DR
Certara just filed an 8-K for a new material agreement - watch for financial updates.
AI Summary
On June 26, 2024, Certara, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered in Radnor, PA, filed an 8-K report detailing this event.
Why It Matters
This filing indicates Certara, Inc. has entered into a significant agreement that could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent business risks.
Key Players & Entities
- Certara, Inc. (company) — Registrant
- June 26, 2024 (date) — Date of earliest event reported
- Radnor, PA (location) — Principal executive offices
- 4 Radnor Corporate Center, Suite 350 (address) — Principal executive offices
FAQ
What type of material definitive agreement did Certara, Inc. enter into?
The filing indicates an entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When was this agreement reported?
The report was filed on June 26, 2024, and this is the earliest event date reported.
Where is Certara, Inc. headquartered?
Certara, Inc.'s principal executive offices are located at 4 Radnor Corporate Center, Suite 350, Radnor, PA 19087.
What is Certara, Inc.'s Commission File Number?
Certara, Inc.'s Commission File Number is 001-39799.
What is the SIC code for Certara, Inc.?
The Standard Industrial Classification (SIC) code for Certara, Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 1,296 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-06-26 16:22:51
Key Financial Figures
- $0.01 — registered Common stock, par value $0.01 per share CERT The Nasdaq Global Sele
Filing Documents
- tm2418257d2_8k.htm (8-K) — 33KB
- tm2418257d2_ex10-1.htm (EX-10.1) — 1699KB
- 0001104659-24-075179.txt ( ) — 2253KB
- certara-20240626.xsd (EX-101.SCH) — 3KB
- certara-20240626_lab.xml (EX-101.LAB) — 33KB
- certara-20240626_pre.xml (EX-101.PRE) — 22KB
- tm2418257d2_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Fifth Amendment to the Credit Agreement On June 26, 2024 (the " Closing Date "), Certara USA, Inc. (the " Co-Borrower "), an indirect subsidiary of Certara, Inc. (the " Company "), Certara Holdings, Inc. (" Certara Holdings "), Certara Holdco, Inc. (the " Parent Borrower " and, together with the Co-Borrower, the " Borrowers "), Certara Intermediate, Inc. (" Holdings ") and certain other wholly-owned subsidiaries of the Borrowers entered into a Fifth Amendment (the " Amendment ") with the financial institutions party thereto and Bank of America, N.A., as administrative agent for the Lenders (as defined below) and collateral agent for the secured parties thereunder to the credit agreement (as amended by the First Amendment thereto, dated as of January 24, 2018, the Second Amendment thereto, dated as of April 3, 2018, the Third Amendment thereto, dated as of June 17, 2021, the LIBOR Transition Amendment thereto, dated as of June 26, 2023, and as further amended by the Amendment thereto, the " Credit Agreement "), dated as of August 15, 2017, among the Borrowers, Holdings, Certara Holdings (f/k/a EQT Avatar Holdings, Inc.), certain wholly-owned subsidiaries of the Borrowers, the financial institutions from time to time party thereto (including the financial institutions party to the Amendment, the " Lenders "), the issuing banks named therein and Bank of America, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Credit Agreement or Amendment, as applicable. The Amendment provides for, among other things, (i) the extension of the termination date applicable to the Revolving Credit Commitments under the Credit Agreement to June 26, 2029 and (ii) the extension of the maturity date applicable to the term loans under the Credit Agreement to June 26, 2031. Such modifica
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Fifth Amendment (the " Amendment "), dated as of June 26, 2024, among Certara Holdings, Inc. (" Certara Holdings "), Certara Holdco, Inc. (the " Parent Borrower "), Certara USA, Inc. (the " Co-Borrower " and, together with the Parent Borrower, the " Borrowers "), Certara Intermediate, Inc. (" Holdings "), and certain other wholly-owned subsidiaries of the Borrowers, Bank of America, N.A. as administrative agent for the Lenders (as defined below) and collateral agent for the secured parties thereunder to the credit agreement, dated as of August 15, 2017, among Certara Holdings (f/k/a EQT Avatar Holdings, Inc.), Holdings, the Borrowers, certain wholly-owned subsidiaries of the Borrowers, the financial institutions from time to time party thereto (including the financial institutions party to the Amendment, the " Lenders "), the issuing banks named therein and Bank of America, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 26, 2024 CERTARA, INC. (Registrant) By: /s/ Daniel Corcoran Daniel Corcoran Senior Vice President and General Counsel