SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Files An 8-K Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementItem 2.04.
On March 7, 2018, SS&C Technologies Holdings, Inc. (“SS&C”) issued a conditional notice of redemption with respect to all $600 million principal amount outstanding of its 5.875% Senior Notes due 2023 (the “Notes”) issued July 8, 2015. Redemption of the Notes will occur on the later of April 6, 2018 and the date on which SS&C consummates its previously announced acquisition of DST Systems, Inc., and is conditioned upon the closing of such acquisition. The redemption price will be as provided in the Indenture governing the Notes and will be equal to 50% of the principal amount plus a premium calculated in accordance with the Indenture as of the date of redemption, and accrued and unpaid interest, if any, to, but excluding, such date.
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 +0.91 at 52.49 with shares trading hands.
