03:20 PM EDT, 04/29/2024 (MT Newswires) -- SS&C Technologies Holdings ( SSNC ) said Monday it plans to borrow up to $2.78 billion in incremental term B-8 loans for one of its subsidiaries.

The loans will be issued under the amended credit agreement, dated April 16, 2018, with SS&C Financing, SS&C European Holdings SARL, and SS&C Technologies Holdings Europe SARL, as the borrowers, subject to certain conditions.

Proceeds will be used to repay all outstanding amounts under the term B-3, B-4, and B-5 loans, along with associated fees and expenses, the company said.

The transactions are expected to close in Q2, subject to certain conditions.

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