WINDSOR, Conn., March 14,
2019 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (the
"Company" or "SS&C") (NASDAQ: SSNC), a global provider of
investment and financial software-enabled services and software,
today announced the pricing of its private placement offering of
$2.0 billion in aggregate
principal amount of its 5.500% senior notes due 2027 (the "Notes").
The Notes will have an interest rate of 5.500% per annum and are
being issued at a price equal to 100% of their face value. The
Notes will be issued by the Company's wholly-owned subsidiary,
SS&C Technologies, Inc. (the "Issuer"), and guaranteed by the
Company and all of its existing domestic restricted subsidiaries
(other than the Issuer) that guarantee its existing senior secured
credit facility and all future domestic restricted subsidiaries
that guarantee its senior secured credit facilities and certain
other indebtedness. The offering of the Notes is expected to close
on March 28, 2019, subject to
customary closing conditions.
The Company estimates that the net proceeds from the offering
will be approximately $1,988 million, after deducting the initial
purchasers' discounts and estimated offering expenses. SS&C
Technologies, Inc. expects to use the net proceeds from the
offering of the Notes to repay a portion of the outstanding term
B-3 loan under its existing senior secured credit facilities.
The Notes are being sold in a private placement to qualified
institutional buyers pursuant to Rule 144A and
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 to be
offered 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 investment and financial software-enabled services and
software for the global financial services and healthcare
industries. Founded in 1986, SS&C is headquartered in
Windsor, Connecticut and has
offices around the world. Financial services and healthcare
organizations, from the world's largest institutions to local
firms, manage and account for their investments using SS&C's
products and services.
Caution Regarding Forward-Looking Statements
Certain information contained or incorporated by reference 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 closing of the offering of
the Notes and the anticipated use of proceeds therefrom.
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