SS&C Technologies Files 8-K

TL;DR

SS&C filed an 8-K, likely containing financial updates. Keep an eye out for details.

AI Summary

SS&C Technologies Holdings, Inc. filed an 8-K on May 3, 2024, reporting on "Other Events" and "Financial Statements and Exhibits." The filing does not contain specific details about new events, financial figures, or material agreements, but rather serves as a notification of these categories being addressed.

Why It Matters

This filing indicates that SS&C Technologies is providing updates or disclosures related to financial statements and other events, which could contain important information for investors.

Risk Assessment

Risk Level: low — The filing is procedural and does not disclose any new negative or positive material events.

Key Players & Entities

• SS&C Technologies Holdings, Inc. (company) — Registrant
• May 3, 2024 (date) — Date of earliest event reported
• 80 Lamberton Road, Windsor, CT 06095 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common stock, par value $0.01 per share SSNC The Nasdaq Global Se
• $750 million — ng of its private placement offering of $750 million of its 6.500% Senior Notes due 2032 (th
• $2,775.0 million — he term B-8 loan will be increased from $2,775.0 million to $3,935.0 million. SS&C Technologie
• $3,935.0 million — l be increased from $2,775.0 million to $3,935.0 million. SS&C Technologies, Inc. expects to u
• $750 Million — nc. entitled "SS&C Announces Pricing of $750 Million of Senior Notes" 104 The cover page

Filing Documents

• ssnc-20240503.htm (8-K) — 43KB
• ssnc-ex99_1.htm (EX-99.1) — 14KB
• img79606320_0.jpg (GRAPHIC) — 5KB
• img164092544_0.jpg (GRAPHIC) — 9KB
• 0000950170-24-052477.txt ( ) — 204KB
• ssnc-20240503.xsd (EX-101.SCH) — 25KB
• ssnc-20240503_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events On May 3, 2024, the Company issued a press release announcing the pricing of its private placement offering of $750 million of its 6.500% Senior Notes due 2032 (the "Notes") by the Company's wholly-owned subsidiary, SS&C Technologies, Inc. Substantially concurrently with the closing of the offering of the Notes, the Company expects to enter into the previously-announced term B-8 loan. The Company expects that the principal amount of the term B-8 loan will be increased from $2,775.0 million to $3,935.0 million. SS&C Technologies, Inc. expects to use the net proceeds of this offering, together with the net proceeds of the term B-8 loan and cash on hand, to repay all amounts owed under the term B-3 loan, the term B-4 loan, the term B-5 loan, the term B-6 loan and the term B-7 loan under its existing senior secured credit facilities, as well as to pay related fees and expenses. The offering of the Notes is expected to close on May 9, 2024, subject to customary closing conditions. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release, dated May 3, 2024, of SS&C Technologies Holdings, Inc. entitled "SS&C Announces Pricing of $750 Million of Senior Notes" 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL Caution Regarding Forward-Looking Statements Certain information contained or incorporated by reference in this Current Report on Form 8-K 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, the anticipated use of 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 b