0000950123-11-100010.txt : 20111122 0000950123-11-100010.hdr.sgml : 20111122 20111122161605 ACCESSION NUMBER: 0000950123-11-100010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111118 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111122 DATE AS OF CHANGE: 20111122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SS&C TECHNOLOGIES INC CENTRAL INDEX KEY: 0001011661 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 061169696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28430 FILM NUMBER: 111222091 BUSINESS ADDRESS: STREET 1: 80 LAMBERTON RD STREET 2: . CITY: WINDSOR STATE: CT ZIP: 06095 BUSINESS PHONE: 860-298-4500 MAIL ADDRESS: STREET 1: 80 LAMBERTON RD STREET 2: . CITY: WINDSOR STATE: CT ZIP: 06095 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SS&C Technologies Holdings Inc CENTRAL INDEX KEY: 0001402436 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 710987913 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34675 FILM NUMBER: 111222090 BUSINESS ADDRESS: STREET 1: 80 LAMBERTON RD CITY: WINDSOR STATE: CT ZIP: 06095 BUSINESS PHONE: 860-298-4500 MAIL ADDRESS: STREET 1: 80 LAMBERTON RD CITY: WINDSOR STATE: CT ZIP: 06095 8-K 1 c25137e8vk.htm FORM 8-K Form 8-K
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 18, 2011
SS&C Technologies Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
         
Delaware   001-34675   71-0987913
(State or Other Jurisdiction of   (Commission   (IRS Employer
Incorporation)   File Number)   Identification No.)
SS&C Technologies, Inc.
(Exact Name of Registrant as Specified in Charter)
         
Delaware   000-28430   06-1169696
(State or Other Jurisdiction of   (Commission   (IRS Employer
Incorporation)   File Number)   Identification No.)
     
80 Lamberton Road, Windsor, CT   06095
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code (860) 298-4500
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 


 

Item 8.01.   Other Events.
On November 18, 2011, SS&C Technologies Holdings, Inc. (“SS&C Holdings”) issued a press release announcing that its subsidiary, SS&C Technologies, Inc. (“SS&C Technologies”), had 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, plus accrued and unpaid interest on such amount to, but excluding, December 19, 2011.
SS&C Holdings also announced in the press release that SS&C Technologies 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. (“Bank of America”). The Senior Credit Facility, if consummated, would replace SS&C Technologies’ existing senior secured credit facility. SS&C Technologies intends to use the Senior Credit Facility for working capital and other general corporate purposes. The commitment of Bank of America under the commitment letter is subject to customary conditions, including the absence of a material adverse change to the business of SS&C Technologies and its subsidiaries, taken as a whole, since December 31, 2010. The commitment of Bank of America will expire on December 31, 2011 unless the Senior Credit Facility is executed on or prior thereto.
A copy of the press release is being furnished as Exhibit 99.1 to this report.
Item 9.01.   Financial Statements and Exhibits
(d) Exhibits
      See Exhibit Index attached hereto.

 

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  SS&C TECHNOLOGIES HOLDINGS, INC.
 
 
Date: November 22, 2011  By:   /s/ Patrick J. Pedonti    
    Patrick J. Pedonti   
    Senior Vice President and Chief Financial Officer   

 

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  SS&C TECHNOLOGIES, INC.
 
 
Date: November 22, 2011  By:   /s/ Patrick J. Pedonti    
    Patrick J. Pedonti   
    Senior Vice President and Chief Financial Officer   

 

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EXHIBIT INDEX
         
Exhibit No.   Description
 
  99.1    
Press Release “SS&C Announces Full Redemption of 11 3/4% Senior Subordinated Notes and New $125 Million Senior Secured Credit Facility” dated November 18, 2011.

 

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EX-99.1 2 c25137exv99w1.htm EXHIBIT 99.1 Exhibit 99.1
     
(SS&C LOGO)   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 Company’s 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 world’s largest to local financial services organizations, manage and account for their investments using SS&C’s 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 management’s 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 Company’s ability to finalize large client contracts, fluctuations in customer demand for the Company’s products and services, intensity of competition from application vendors, delays in product development, the Company’s ability to control expenses, terrorist activities, the Company’s ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the Company’s products and services, and those risks described in the Company’s 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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