SS&C Technologies $750 million senior notes offering
We advised SS&C Technologies on the high-yield debt offering
Davis Polk advised SS&C Technologies Holdings, Inc. in connection with a Rule 144A / Regulation S offering of $750 million aggregate principal amount of 6.500% senior notes due 2032 issued by a direct, wholly owned subsidiary of SS&C. The obligations under the notes are guaranteed by SS&C and certain of its subsidiaries. The proceeds from the offering of the notes, along with the proceeds from a new term B-8 loan, are being used to repay existing debt, as well as to pay related fees and expenses.
SS&C is a global provider of services and software for the financial services and healthcare industries. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
The Davis Polk capital markets team included partner Dan Gibbons, counsel Michael Stromquist and associates Kerim K. Aksoy and Cheridan Christnacht. Partner Corey M. Goodman and associates Justin Corvino and Omar Hersi provided tax advice. Partner Frank J. Azzopardi and associates Adrian Rabin and Kimberly Hickey provided intellectual property advice. All members of the Davis Polk team are based in the New York office.