SS&C Technologies Holdings Inc (SSNC) Form 8-K — Nov 9, 2026
SS&C Technologies Holdings completed an upsized $1.2 billion private offering of 2.75% Convertible Senior Notes due 2031 on November 6, 2026, including $150 million from the initial purchasers' option exercise. Net proceeds were approximately $1,176.0 million, with the notes convertible at roughly $99.46 per share, a 25% premium to the $79.57 close on November 4. The company entered capped call transactions costing $112.8 million that raise the effective dilution cap to approximately $139.25 per share, and used about $100.0 million to repurchase roughly 1.3 million shares at $79.57 concurrently with pricing.
Key figures
- Debt Amount
- 1200000000
- Interest Rate
- 2.75
- Maturity Date
- 2031-12-01
- Gross Proceeds
- 1176000000
- Capped call cost
- 112800000
- Conversion price
- 99.46
- Refinanced notes
- $2.0 billion of 5.500% Senior Notes due 2027
- Shares repurchased
- 1300000
- Capped call cap price
- 139.25
- Conversion premium pct
- 25
- Shares convertible max
- 15081000
- Share repurchase amount
- 100000000
- Shares convertible base
- 12064800
- Conversion rate per 1000
- 10.054
- Last reported sale price
- 79.57
- Incremental term a9 loans
- 240000000
- Incremental term b8 loans
- 750000000
- Incremental revolver upsize
- 400000000
AI analysis
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