secwatch.observer — SEC 8-K summary
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Issuer:     SS&C Technologies Holdings Inc (SSNC)
CIK:        0001402436
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0000950170-24-110813
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SS&C completes $670M acquisition of Battea-Class Action Services, funded partly with $800M debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402436/000095017024110813/0000950170-24-110813-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402436/000095017024110813/ssnc-20240927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-110813

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer