10:23 AM EDT, 05/03/2024 (MT Newswires) -- SS&C Technologies Holdings ( SSNC ) said Friday it priced a $750 million private placement of 6.5% senior notes due 2032 at 100% of face value for about $744 million in estimated net proceeds.

Substantially concurrently with the closing of the offering, expected May 9, the company expects to enter into a term B-8 loan to increase its amount to $3.94 billion from $2.78 billion.

SS&C ( SSNC ) said it expects to use the net proceeds of the offering, along with the net proceeds of the term B-8 loan and cash on hand, to fully repay amounts owed under certain loans.

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