SS&C Technologies Announces Private Placement Of $1B Of Convertible Senior Notes Due 2031; Intends To Use Proceeds To Repurchase Up To $100M Of Stock In Private Transaction
Intends to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering") to
SS&C is borrowing $1 billion by selling special bonds that can turn into stock. The company plans to use some money to buy back its own shares.
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