SS&C Technologies relaunches amendment to move term loans to SOFR

By Sara Rosenberg

New York, May 30 – SS&C Technologies Holdings Inc. relaunched the negative consent amendment to shift its term loans B-3, B-4 and B-5 to SOFR from Libor, this time with CSA of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, according to a market source.

Most recently, the company was offering CSA of 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate, and prior to that the company was offering 10 bps CSA.

Credit Suisse Securities (USA) LLC is the lead on the deal.

The amendment deadline is Monday, the source added.

SS&C is a Windsor, Conn.-based provider of services and software for the financial services and health care industries.

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