SS&C Technologies may redeem its 11¾% notes with IPO proceeds

By Susanna Moon

Chicago, Dec. 28 - SS&C Technologies Holdings, Inc. may use proceeds from a $300 million initial public offering of common stock to redeem some or all of its outstanding 11¾% senior subordinated notes due 2013, according to an S-1 filing with the Securities and Exchange Commission.

The company said it would pay a redemption price of 105.875% of par plus accrued interest for the notes.

Windsor, Conn.-based SS&C Technologies delivers investment and financial management software and related services.

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