$SSNC (SS&C Technologies Holdings) — 8-K: SS&C proposes $1.0 billion convertible senior notes due 2031 to refinance 2027 debt

SS&C intends to offer $1.0 billion aggregate principal amount of convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional $150.0 million. Net proceeds will fund capped call transactions, repurchase up to $100.0 million of common stock, and help redeem all $2,000.0 million outstanding of its 5.500% Senior Notes due 2027. Concurrently, SS&C seeks credit agreement amendments for up to $500.0 million incremental Term B-8 Loans, $240.0 million incremental Term A-9 Loans, and $400.0 million increased revolving commitments, extending maturities to November 2031. Final terms including interest rate and conversion rate are set at pricing.

SS&C intends to offer $1.0 billion aggregate principal amount of convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional $150.0 million. Net proceeds will f