SS&C Technologies telegraphs senior notes offering as part of refinancing package

By Abigail W. Adams

Portland, Me., April 29 – SS&C Technologies Inc. telegraphed its intention to price a senior notes offering as part of a refinancing package for its term loans, according to a market source.

The planned offering was announced as the company launched a $2.775 billion seven-year senior secured covenant-lite first-lien term loan B-8 (Ba1/BB+).

Morgan Stanley Senior Funding Inc., Barclays, UBS Investment Bank, Goldman Sachs Bank USA, Citigroup Global Markets Inc., BofA Securities Inc., JPMorgan Chase Bank, Jefferies LLC, Deutsche Bank Securities Inc., TD Securities (USA) LLC, HSBC Securities (USA) Inc., RBC Capital Markets, BNP Paribas Securities Corp., UMB, MUFG and NatWest are bookrunners for the term loan.

Proceeds from the term loan and senior notes will be used to refinance the company’s existing term loans B-3, B-4 and B-5 due 2025.

SS&C is a Windsor, Conn.-based provider of services and software for the financial services and health care industries.

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