SS&C plans $1 billion convertible senior notes offering
Bitget2026/11/04 12:36- SS&C Technologies plans a $1 billion private placement of Convertible Senior Notes due 2031.
- Initial purchasers will have an option to buy another $150 million, bringing the potential offering to $1.15 billion.
- Proceeds and additional borrowings will fund redemption of $2 billion of 5.5% Senior Notes due September 30, 2027.
- Offering proceeds will also fund capped call transactions and up to $100 million in share repurchases.
- The senior unsecured notes’ interest rate and initial conversion rate will be set at pricing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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