SS&C TECHNOLOGIES HOLDINGS, INC. (NASDAQ:SSNC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry Into a Material Definitive Agreement.
The information set forth under Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
On October 1, 2018, concurrently with the consummation of the previously announced acquisition (the “Acquisition”) by SS&C Technologies, Inc. (“Technologies”), a subsidiary of SS&C Technologies Holdings, Inc. (the “Company”), of Eze Software, the Company and certain of its subsidiaries entered into a Commitment Increase Amendment (the “Amendment”) to the existing amended and restated credit agreement, dated April 16, 2018 (the “Credit Agreement”), among the Company, Technologies, SS&C European Holdings S.a R.L, SS&C Technologies Holdings Europe S.a R.L., certain of the Company’s other subsidiaries, Credit Suisse AG, Cayman Islands Branch, acting as administrative agent, and certain lenders and letter of credit issuers party thereto.
to the Amendment, a new $875 million senior secured incremental term loan B facility (the “Incremental Term Loan Facility”) was made available to Technologies for purposes of financing a portion of the consideration for the Acquisition. The Incremental Term Loan Facility matures on April 16, 2025 and bears interest at the rate applicable to the incremental term loan B facilities currently outstanding under the Credit Agreement.
Except as described above, the terms, covenants and events of default applicable to the Incremental Term Loans are materially consistent with the terms, covenants and events of default applicable to loans incurred under the Credit Agreement and which are described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 16, 2018.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
A copy of the Company’s press release dated October 1, 2018 announcing completion of the Acquisition is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SS&C Technologies Holdings Inc ExhibitEX-10.1 2 ssnc-ex101_10.htm EX-10.1 ssnc-ex101_10.htm Exhibit 10.1 Execution Version COMMITMENT INCREASE AMENDMENT THIS COMMITMENT INCREASE AMENDMENT,…To view the full exhibit click here
About SS&C TECHNOLOGIES HOLDINGS, INC. (NASDAQ:SSNC)
SS&C Technologies Holdings, Inc. (SS&C Holdings) is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing. The Company provides its solutions across the globe to over 10,000 clients, principally within the institutional asset and wealth management, alternative investment management, financial advisory and financial institutions vertical markets. Its portfolio includes over 90 products and software-enabled services.
