WINDSOR, Conn., June 10, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services (the "Company"), today announced that it completed a repricing of its $620.2 million term B-1 loans and $64.2 million term B-2 loans (the "Existing Term Loan B"). As a result of the repricing transaction, the Existing Term Loan B has been replaced by new term B-1 loans and term B-2 loans (the "New Term Loan B") at the same outstanding principal balance of $684.4 million, but at a different interest rate. The applicable interest rate on the New Term Loan B has been reduced to either LIBOR plus 2.75% or the base rate plus 1.75%, and the LIBOR floor has been reduced from 1.00% to 0.75%, subject to a step-down at any time that the Consolidated Net Senior Secured Leverage Ratio is less than 2.75 times, to 2.50% in the case of the LIBOR margin, and 1.50% in the case of the base rate margin.
SS&C Technologies Holdings, Inc. Completes Repricing Of New Term Loan B
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