WINDSOR,
Conn., May 2, 2024 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (the "Company" or "SS&C") (NASDAQ:
SSNC), a global provider of investment, financial and healthcare
software and software-enabled services, today announced it intends
to offer $750 million in aggregate
principal amount of senior notes due 2032 (the "Notes") in a
private placement, subject to market and other conditions. The
Notes will be issued by the Company's wholly-owned subsidiary,
SS&C Technologies, Inc., and guaranteed by the Company and all
of its existing domestic restricted subsidiaries (other than
SS&C Technologies, Inc.) that guarantee its existing senior
secured credit facilities. The Notes would also be guaranteed by
all of the Company's future domestic restricted subsidiaries that
guarantee its senior secured credit facilities or certain other
indebtedness.
SS&C Technologies, Inc. expects to use the net proceeds of
this offering, together with the net proceeds of the
previously-announced term B-8 loan and cash on hand, to repay all
amounts owed under the term B-3 loan, the term B-4 loan and the
term B-5 loan under its existing senior secured credit facilities,
as well as to pay related fees and expenses.
The Notes are being offered in a private placement to qualified
institutional buyers pursuant to Rule 144A and to non-U.S. persons
outside the United States pursuant
to Regulation S under the Securities Act of 1933, as amended (the
"Securities Act").
This communication does not constitute an offer to sell or the
solicitation of an offer to buy the Notes nor shall there be any
offer, solicitation or sale of the Notes in any state in which such
offer, solicitation or sale would be unlawful. The Notes have not
been and will not be registered under the Securities Act, or
applicable state securities laws, and may not be offered or sold in
the United States absent
registration or pursuant to an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities laws.
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 offering of the Notes, 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, which is 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