SS&C seeks to refinance $2.775 billion loan



Windsor, Conn. – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a leading provider of software and services to the financial and healthcare sectors, announced plans to borrow up to $2.775 billion in additional capital under its existing credit facilities. Amount Term B-8 Loan Agreement. The transaction is subject to market and other conditions and is expected to occur in the second quarter of 2024.

The proposed borrowings will be made through a subsidiary of SS&C under a credit agreement effective April 16, 2018. -3, B-4 and B-5 loans, including related fees and expenses.

Founded in 1986 and headquartered in Windsor, Connecticut, SS&C Technologies serves approximately 20,000 customers worldwide, including large enterprises as well as small and mid-sized companies. The company's expertise spans essential technologies and services for the financial services and healthcare industries.

This announcement contains forward-looking statements regarding the Company's plans, which are subject to various risks and uncertainties that could cause actual results to differ from those projected. These statements are based on management's current expectations and assumptions.

The company warned that there can be no assurance that the borrowing will be completed as planned or at all, and emphasized the importance of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. SS&C disclaims any obligation to update or revise these statements except as required by law.

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Investors and market observers will be watching developments closely as the successful completion of this refinancing could impact SS&C's financial structure and future operations. This report is based on a press release issued by SS&C Technologies Holdings, Inc.

Investment Professional Insights

As SS&C Technologies Holdings, Inc. (NASDAQ: SSNC ) implements its refinancing strategy, investors may be interested in the company's current financial health and market position. According to the latest data from InvestingPro, SS&C has a market value of $15.14 billion, reflecting its important position in the software and services industry in finance and healthcare.

The company's P/E ratio is 23.79, which slightly adjusts to 23.02 when taking into account the trailing 12 months to Q1 2024.

InvestingPro Tips emphasizes that SS&C has increased its dividend for seven consecutive years, demonstrating its commitment to returning value to shareholders. The company also boasts impressive gross profit margins, which stood at 49.14% for the trailing twelve months ending in Q1 2024. .

For those considering a deeper dive into SS&C's financial health and future prospects, there are other InvestingPro Tips available, including analyst insights on earnings revisions and the company's trading volatility. Investors can gain a complete understanding of SS&C's performance and prospects with the additional 9 tips listed on InvestingPro.To get these valuable insights, use the coupon code PRONEWS24 Annual or biennial Pro and Pro+ subscriptions receive an additional 10% discount.

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