SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Files An 8-K Entry into a Material Definitive Agreement

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Files An 8-K Entry into a Material Definitive Agreement

Item1.01 Entry Into a Material Definitive Agreement.

On March2, 2017 (the Amendment Effective Date), SSC Technologies
Holdings, Inc. (the Company) and certain of its subsidiaries
entered into an amendment (the Amendment) to its senior secured
credit agreement dated July8, 2015 (the Credit Agreement) by and
among the Company, SSC Technologies, Inc., SSC European Holdings
S.a R.L, SSC Technologies Holdings Europe S.a R.L., and certain
of the Companys subsidiaries, Deutsche Bank AG New York Branch,
as administrative agent and collateral agent, and certain lenders
and L/C issuers party thereto.The Credit Agreement, as amended,
consists, in part, of a $91.9million senior secured term loan A-1
facility maturing in July 2020 for borrowings by the Companys
wholly-owned subsidiary, SSC European Holdings S.a.R.L (Term Loan
A-1), a $142.5million senior secured term loan A-2 facility
maturing in July 2020 for borrowings by the Companys wholly-owned
subsidiary, SSC Technologies Holdings Europe S.a.R.L. (Term Loan
A-2 and, together with Term Loan A-1, Term Loan A), a
$1,480.2million senior secured term loan B-1 facility maturing in
July 2022 for borrowings by SSC Technologies Inc. (Term Loan
B-1), and a $142.1million senior secured term loan B -2 facility
maturing in July 2022 for borrowings by SSC Technologies Holdings
Europe S.a.R.L (Term Loan B-2 and, together with Term Loan B-1,
Term Loan B).

to the Amendment, the highest (non-default) interest rate margin
applicable to Term Loan Awas reduced from LIBOR plus 2.75% to
LIBOR plus 1.75%, and the highest (non-default) interest rate
margin applicable to Term Loan B was reduced from LIBOR plus
3.25% to LIBOR plus 2.25%. The LIBOR floor for the Term Loan A
and the Term Loan B is 0%.Subject to certain exceptions, in the
event the Company and/or its subsidiaries enters into a
transaction within six months from the Amendment Effective Date,
the effect of which is to lower the effective yield of all or a
portion of either the Term Loan A or the Term Loan B, the Company
will pay to the applicable lenders a 1% prepayment premium on the
loans subject to such transaction.

The foregoing description of the Amendment is qualified in its
entirety by reference to the Amendment, a copy of which is filed
as Exhibit10.1 hereto and is incorporated herein by reference.

Item8.01 Other Events.

On March2, 2017, the Company issued a press release announcing
that it had entered into the Amendment, a copy of which is filed
as Exhibit 99.1 hereto and is incorporated herein by reference.

Item9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 Amendment No.1 to the Credit Agreement, dated as of March 2,
2017, by and among SSC Technologies Holdings, Inc., SSC
Technologies, Inc., SSC European Holdings S.a R.L, SSC
Technologies Holdings Europe S.a R.L., certain of SSCs
subsidiaries, Deutsche Bank AG New York Branch and certain
Lenders and L/C Issuers party thereto
99.1 Press release announcing Amendment No.1 to the Credit
Agreement, dated March2, 2017


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.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Recent Trading Information

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) closed its last trading session up +0.07 at 35.16 with 1,167,827 shares trading hands.