WINDSOR,
Conn., April 29, 2024 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (the "Company" or "SS&C") (NASDAQ:
SSNC), a global provider of investment, financial and healthcare
software-enabled services and software, today announced that it
intends for one of its subsidiaries to borrow up to $2,775 million in aggregate principal amount of
incremental term B-8 loans (the "Loans"). The loans will come under
its existing amended and restated credit agreement, dated
April 16, 2018 (as amended, restated,
amended and restated, supplemented or otherwise modified from time
to time, the "Credit Agreement"), by and among SS&C
Technologies, Inc., SS&C Financing LLC, SS&C European
Holdings SARL and SS&C Technologies Holdings Europe SARL, as
the borrower, subject to market and other conditions.
SS&C Technologies, Inc. expects to use the net proceeds of
this offering, together with the net proceeds of other unsecured
debt and cash on hand, to repay all amounts owed under the term B-3
loans, the term B-4 loans and the term B-5 loans under the Credit
Agreement, as well as related fees and expenses.
The foregoing transactions are subject to conditions and are
anticipated to close in the second quarter of 2024. However, there
can be no assurance that the Company will be able to successfully
complete the transactions, on the terms described above, or at
all.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale, and technology.
Caution Regarding Forward-Looking Statements
Certain information contained in this press release
constitutes forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, expectations,
intentions, projections, developments, future events, performance,
underlying assumptions, and other statements that are other than
statements of historical facts. Without limiting the
foregoing, the words "believes", "anticipates", "plans", "expects",
"estimates", "projects", "forecasts", "may", "assume", "intend",
"will", "continue", "opportunity", "predict", "potential",
"future", "guarantee", "likely", "target", "indicate", "would",
"could" and "should" and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements are accompanied by such words. Such
statements reflect management's best judgment based on factors
currently known but are subject to risks and uncertainties, which
could cause actual results to differ materially from those
anticipated. Such risks and uncertainties include, but are not
limited to, statements relating to the borrowing of the Loans, the
anticipated use of the proceeds therefrom, and the risks discussed
in the "Risk Factors" section of the Company's most recent Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, which are on
file with the Securities and Exchange Commission and can also be
accessed on our website. Forward-looking statements speak only as
of the date on which they are made and, except to the extent
required by applicable securities laws, we undertake no obligation
to update or revise any forward-looking statements.
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SOURCE SS&C