SS&C Technologies Holdings Enters Material Definitive Agreement

TL;DR

SS&C Technologies just signed a big deal, expect financial moves.

AI Summary

On May 9, 2024, SS&C Technologies Holdings, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices at 80 Lamberton Road, Windsor, CT, filed an 8-K to report this event.

Why It Matters

This filing indicates a significant financial commitment or obligation for SS&C Technologies, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and obligations that require careful management.

Key Numbers

• 001-34675 — SEC File Number (Identifies the company's filing with the SEC.)
• 71-0987913 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• SS&C Technologies Holdings, Inc. (company) — Registrant
• May 9, 2024 (date) — Date of earliest event reported
• 80 Lamberton Road, Windsor, CT 06095 (location) — 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 — s Holdings, Inc. (the "Parent"), issued $750 million aggregate principal amount of 6.500% Se
• $3,935 million — endment, the Term B-8 Borrower borrowed $3,935 million in aggregate principal amount of increm

Filing Documents

• ssnc-20240509.htm (8-K) — 65KB
• ssnc-ex4_1.htm (EX-4.1) — 1533KB
• ssnc-ex10_1.htm (EX-10.1) — 3225KB
• img164092550_0.jpg (GRAPHIC) — 9KB
• 0000950170-24-057140.txt ( ) — 5599KB
• ssnc-20240509.xsd (EX-101.SCH) — 25KB
• ssnc-20240509_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement Indenture Governing 6.500% Senior Notes due 2032 On May 9, 2024, SS&C Technologies, Inc. (the "Issuer"), a direct, wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (the "Parent"), issued $750 million aggregate principal amount of 6.500% Senior Notes due 2032 (the "Notes"), at a price equal to 100% of their face value, pursuant to an indenture, dated as of May 9, 2024 (the "Indenture"), among the Issuer, the Parent, the other guarantors party thereto (together with the Parent, the "Guarantors") and Wilmington Trust, National Association, as trustee. The Notes were offered and sold in a private placement sale in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. Interest and Maturity The Notes will mature on June 1, 2032. Interest on the Notes will accrue at the rate of 6.500% per annum and will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2024. Guarantees The obligations of the Issuer under the Indenture and the Notes are fully and unconditionally guaranteed, jointly and severally, by the Parent and all of its existing domestic restricted subsidiaries (other than the Issuer) that guarantee its existing senior secured credit facilities. The Notes will also be guaranteed by all of the Parent's future domestic restricted subsidiaries that guarantee its senior secured credit facilities or certain other indebtedness. Ranking The Notes are the Issuer's senior unsecured obligations and rank equal in right of payment with the Issuer's existing and future senior indebtedness. The guarantees of the Notes are senior unsecured obligations of the Guarantors and rank equal in right of payment with all existi

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 4.1 Indenture, dated as of May 9, 2024, among SS&C Technologies, Inc., SS&C Technologies Holdings, Inc., the other guarantors party thereto and Wilmington Trust, National Association, as trustee 4.2 Form of 6.500% Senior Notes due 2032 (included in Exhibit 4.1) 10.1 Incremental Joinder & First Amendment to Credit Agreement, dated as of May 9, 2024, by and among SS&C Technologies, Inc., the other loan parties party thereto, the lenders party thereto, Morgan Stanley Senior Funding, Inc., as administrative agent, and the other parties party thereto 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 9, 2024 SS&C TECHNOLOGIES HOLDINGS, INC. By: /s/ Brian N. Schell Brian N. Schell Executive Vice President and Chief Financial Officer