SS&C Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes Due 2031
SS&C announced a proposed private placement of $1.0 billion of Convertible Senior Notes due 2031, with a $150 million option for additional notes. Proceeds will fund capped call transactions to limit conversion dilution, a concurrent repurchase of up to $100 million of shares, and — together with up to $1.14 billion of incremental term loans and a $400 million revolver increase — the redemption of all $2.0 billion of 5.500% Senior Notes due 2027.
Key figures
- Deal Value Usd
- 1000000000
- Greenshoe amount
- 150000000
- Revolver increase
- 400000000
- Incremental term loan a9
- 240000000
- Incremental term loan b8
- 500000000
- Concurrent share repurchase
- 100000000
- Senior notes being refinanced
- 2000000000
AI analysis
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