SS&C Technologies Announces Material Definitive Agreement

TL;DR

SS&C Tech inked a big deal, possibly buying or selling assets, and took on new debt. Big moves ahead.

AI Summary

On September 27, 2024, SS&C Technologies Holdings, Inc. entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. This filing also includes Regulation FD Disclosure and Financial Statements and Exhibits.

Why It Matters

This filing indicates significant corporate activity for SS&C Technologies, including potential acquisitions or asset sales and new financial obligations, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of new financial obligations and the completion of acquisitions/dispositions suggest potential financial risks and integration challenges.

Key Players & Entities

• SS&C Technologies Holdings, Inc. (company) — Registrant
• September 27, 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
• $800 million — nt to the Amendment, SS&C Tech borrowed $800 million in aggregate principal amount of increm
• $150 million — nder the Credit Agreement) if more than $150 million aggregate principal amount remains outs

Filing Documents

• ssnc-20240927.htm (8-K) — 48KB
• ssnc-ex10_1.htm (EX-10.1) — 2862KB
• ssnc-ex99_1.htm (EX-99.1) — 14KB
• img164096454_0.jpg (GRAPHIC) — 9KB
• 0000950170-24-110813.txt ( ) — 3446KB
• ssnc-20240927.xsd (EX-101.SCH) — 25KB
• ssnc-20240927_htm.xml (XML) — 4KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. The information set forth under Item 2.03 is incorporated herein by reference.

01. Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets. On September 27, 2024, SS&C Technologies Holdings, Inc. (the "Company") completed its previously announced acquisition of Battea – Class Action Services, LLC, on the terms described in the Company's Current Report on Form 8-K filed on September 12, 2024 (the "Acquisition"). A copy of the Company's press release dated September 30, 2024 announcing the completion of the Acquisition is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.01. Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. On September 27, 2024, SS&C Technologies, Inc. ("SS&C Tech") entered into the Incremental Joinder to Credit Agreement (the "Amendment"), which amends its existing amended and restated credit agreement, dated as of 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 Tech, the Company, Morgan Stanley Senior Funding, Inc., as the administrative agent, certain lenders party thereto and the other entities from time to time party thereto. Pursuant to the Amendment, SS&C Tech borrowed $800 million in aggregate principal amount of incremental term A-9 loans (the "Term A-9 Loans"). The net proceeds of the Term A-9 Loans were used to finance in part SS&C Tech's acquisition of Battea – Class Action Services, LLC, the payment of fees and expenses related thereto and for working capital and general corporate purposes. The Term A-9 Loans will mature on the earlier to occur of (1) September 27, 2029 (the "Term A-9 Maturity Date") and (2) 91 days prior to the maturity of (x) the March 2019 Senior Notes (as defined under the Credit Agreement) if more than $150 million aggregate principal amount remains outstanding on the 91 st day prior to such maturity or (y) the Revolving Facility (as defined under the Credit Agreement) i

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. A copy of the Company's press release dated September 30, 2024 announcing the completion of the Acquisition is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 10.1 Incremental Joinder to Credit Agreement 99.1 Press Release, issued by the Company on September 30, 2024. 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 1, 2024 SS&C TECHNOLOGIES HOLDINGS, INC. By: /s/ Brian N. Schell Brian N. Schell Executive Vice President and Chief Financial Officer