SS&C Technologies Holdings Inc (SSNC): M&A transaction — SS&C completes $670M acquisition of Battea-Class Action Services, funded partly with $800M debt

SS&C Technologies Holdings Inc

Purchase price ~$670M; financed with $800M incremental term A-9 loans and cash.
Term A-9 loans bear interest at SOFR + 1.50% or Base + 0.50%, with leverage-based adjustments.
Loans mature Sept 2029, amortize initially 2.5% quarterly, then 5.0%.
Transaction expected to be accretive over next 12 months; over 100 Battea employees join.
Battea provides securities class action recovery services to 900+ institutional clients.

item 1.01 item 2.03 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SS&C Technologies Holdings Inc completed an acquisition involving Battea – Class Action Services, LLC (closed 2024-09-27).

Action: acquisition
Counterparty: Battea – Class Action Services, LLC
Closing: 2024-09-27

Exact text from the filing

On September 27, 2024, SS&C Technologies Holdings, Inc. (the “Company”) completed its previously announced acquisition of Battea – Class Action Services, LLC, on the terms described in the Company’s Current Report on Form 8-K filed on September 12, 2024 (the “Acquisition”).

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SS&C Technologies Holdings Inc filing history →

Source: SEC EDGAR

accession 0000950170-24-110813

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