Davis Polk advised SS&C Technologies Holdings, Inc. in connection with a repricing amendment to its senior secured credit agreement. Pursuant to the amendment, SS&C refinanced and replaced all of its outstanding term loans under the credit agreement with new tranches of loans with the same outstanding principal balance and a lower interest rate. The four tranches of loans consist of $91.9 million in term A-1 loans, $142.5 million in term A-2 loans, $1.48 billion in term B-1 loans and $142.1 million in term B-2 loans. The applicable interest rate for the new term A-1 loans and new term A-2 loans is LIBOR plus 1.75% or the base rate plus 0.75%. The applicable interest rate for the new term B-1 loans and new term B-2 loans is LIBOR plus 2.25% or the base rate plus 1.25%.

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Some 11,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.

The Davis Polk credit team included partner Lawrence E. Wieman and associate Darren Mahone. All members of the Davis Polk team are based in the New York office.

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