SS&C Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes Due 2031

SS&C Technologies Holdings, Inc. announced a proposed private placement of $1.0 billion in Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $150.0 million. The company plans to use the net proceeds to fund capped call transactions, repurchase up to $100.0 million of its common stock, and redeem $2,000.0 million of its 2027 Senior Notes as part of a broader refinancing strategy. SS&C also intends to amend its credit agreement to incur additional term loans and increase revolving credit facility commitments.