SS&C launches $500 million incremental term loan syndication
SSNC•SS&C launched a syndication for $500 million of Incremental Term B-8 Loans and allocated $240 million of Incremental Term A-9 Loans to lenders, alongside a $400 million increase to its revolving credit facility.
1. Loan syndication launched
SS&C launched a syndication for $500 million of Incremental Term B-8 Loans under its existing credit agreement. It also allocated $240 million of Incremental Term A-9 Loans to lenders and increased its revolving credit facility by $400 million.
2. Proceeds and timing
Proceeds will support general corporate purposes, including refinancing $2 billion of 5.5% Senior Notes due September 30, 2027. The term A loan facility and revolving credit facility are expected to mature in November 2031. The transactions are expected to close in the fourth quarter of 2026, subject to market conditions and definitive documentation.
