M&A
confidence high
sentiment positive
materiality 0.75
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.