June 19, 2015
SS&C prices $646M offering
Windsor financial software and services provider SS&C Technologies Holdings said Friday that it has priced a public offering of 10.5 million shares at $61.50 per share.
About $400 million of the proceeds’ offering will be used to help finance SS&C’s pending $2.7 billion acquisition of Advent Software, according to Moody’s Investors Service. The rest will be used for general corporate purposes.
The pending deal cleared federal anti-trust review on Wednesday.
SS&C is also issuing $2.6 billion in debt to help pay for the Advent acquisition and a refinance $601 million in debt, according to Moody’s, which assigned a “stable” outlook to the new debt.
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