SS&C Plans $1 Billion Convertible Notes Offering to Refinance Debt
Bitget2026/11/09 13:41- SS&C plans a $1 billion private placement of Convertible Senior Notes due 2031, with a $150 million additional-purchase option.
- Proposed credit amendments would add up to $500 million of incremental Term B-8 Loans and $240 million of incremental Term A-9 Loans.
- Revolving commitments would increase by up to $400 million; the facility and Term A-9 Loans would mature in November 2031.
- The refinancing targets all $2 billion of outstanding 5.5% Senior Notes due 2027, which mature September 30, 2027.
- Definitive documentation for the proposed credit amendments has not been signed; the notes offering is not contingent on their completion.
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