SS&C Completes $2 Billion Senior Notes Offering
04.02.19
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Simpson Thacher recently represented SS&C Technologies, Inc. (“SS&C”) in connection with its offering of $2 billion aggregate principal amount of 5.5% Senior Notes due 2027 in a private placement transaction pursuant to Rule 144A and Regulation S. SS&C intends to use the net proceeds from the sale of the notes to repay a portion of its Term B-3 Loan under its existing senior secured credit facilities. The offering closed on March 28, 2019.
SS&C is a global provider of software and software-enabled services to thousands of clients, principally within the institutional asset and wealth management, alternative investment management, healthcare, brokerage, retirement, financial advisory and financial institutions vertical markets.
The Simpson Thacher team included William Brentani, Karen Reyes, and Estell Lee (Capital Markets); James Cross and Noah DeBlasi (Credit); Jonathan Cantor (Tax); and Jeanne Annarumma (ERISA).