SS&C Technologies Plans $1 Billion Convertible Senior Notes Offering

10:13 AM EST, 11/04/2026 (MT Newswires) -- SS&C Technologies (SSNC) said Wednesday it plans to offer $1 billion of convertible senior notes due 2031 in a private placement to qualified institutional buyers. The company said it also plans to grant initial purchasers an option to buy up to an additional $150 million of the notes. SS&C said it expects to use the proceeds, together with new term loans and borrowings under its revolving credit facility, to refinance its $2 billion of 5.500% senior notes due 2027. A portion of the proceeds is also expected to fund capped call transactions and up to $100 million of share repurchases, according to a statement. The company said the notes will be senior unsecured obligations and may be converted into cash, SS&C common stock or a combination of both, at the company's election. Price: 80.74, Change: -0.14, Percent Change: -0.17