debt
confidence high
sentiment neutral
materiality 0.60
SS&C prices $750M 6.5% Senior Notes due 2032; increases term B-8 loan to $3.935B
SS&C Technologies Holdings Inc
- Pricing of $750M aggregate principal of 6.500% senior notes due 2032, issued at 100% of face value.
- Net proceeds ~$744M from notes, plus term B-8 loan ($3.935B) and cash, to repay existing term loans B-3 through B-7.
- Term B-8 loan expected to increase from $2.775B to $3.935B concurrently with the notes closing.
- Notes offering expected to close May 9, 2024; notes are unsecured and guaranteed by parent and certain subsidiaries.