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Exhibit 99.1 |
For Immediate Release
Contact:
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com
SS&C Announces Full Redemption of 11 3/4% Senior Subordinated Notes and
New $125 Million Senior Secured Credit Facility
WINDSOR, CT November 18, 2011 SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global
provider of financial services software and software-enabled services, today announced that its
subsidiary, SS&C Technologies, Inc., has issued a notice of redemption for all $66,625,000 of the
outstanding principal amount of its 11 3/4% Senior Subordinated Notes due 2013, at a redemption
price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest on such
amount to, but excluding, December 19, 2011, the redemption date. Interest on the notes will cease
to accrue on and after December 19, 2011. The redemption is being funded with existing cash
resources.
A Notice of Redemption is being distributed by Wells Fargo Bank, the trustee for the notes, to the
registered holders of the notes. Copies of the Notice of Redemption and additional information
relating to the procedure for redemption may be obtained from Wells Fargo Bank by calling
800-344-5128, option 0.
Senior Credit Facility Commitment Letter
SS&C also announced today that SS&C Technologies, Inc. entered into a commitment letter for a new
$125 million senior secured revolving credit facility (the Senior Credit Facility) with Bank of
America, N.A.
The Senior Credit Facility, if consummated, would replace the Companys existing senior secured
credit facility. The Company intends to use the Senior Credit Facility for working capital and
other general corporate purposes. The commitment of Bank of America, N.A. under the commitment
letter is subject to customary conditions, including the absence of a material adverse change in
the business of the Company and its subsidiaries, taken as a whole, since December 31, 2010. The
commitment of Bank of America, N.A. will expire on December 31, 2011 unless the Senior Credit
Facility is executed on or prior thereto.
About SS&C Technologies
SS&C is a leader in the delivery of investment and financial management software and related
services focused exclusively on the global financial services industry. Founded in 1986, SS&C has
its headquarters in Windsor, Connecticut and offices around the world. More than 5,000 financial
services organizations, from the worlds largest to local financial services organizations, manage
and account for their investments using SS&Cs products and services. These clients in the
aggregate manage over $16 trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.
Forward-Looking Statements
This press release contains forward-looking statements relating to, among other things, the
redemption of the remaining outstanding principal amount of our 11 3/4% Senior Subordinated Notes due
2013 and our entry into the Senior Credit Facility. Such statements reflect managements best
judgment based on factors currently known but are subject to risks and uncertainties, which could
cause actual results to differ materially from those anticipated. Such risks and uncertainties
include, but are not limited to, the state of the economy and the financial services industry, the
Companys ability to finalize large client contracts, fluctuations in customer demand for the
Companys products and services, intensity of competition from application vendors, delays in
product development, the Companys ability to control expenses, terrorist activities, the Companys
ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the
Companys products and services, and those risks described in the Companys publicly available
filings with the Securities and Exchange Commission. The Company cautions investors that it may not
update any or all of the foregoing forward-looking statements.
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