SS&C Technologies talks $205 million eight-year notes at 11½%-11¾%

By Paul A. Harris

St. Louis, Nov. 16 - SS&C Technologies Inc. talked its $205 million offering of eight-year senior subordinated notes at 11½% to 11¾% on Wednesday, according to syndicate sources.

The books are scheduled to close 11 a.m. ET Thursday, with pricing expected thereafter.

Wachovia Securities, JP Morgan and Banc of America Securities LLC are joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection.

Moody's Investors Service assigns its Caa1 rating to the notes. The Standard & Poor's rating is CCC+.

Proceeds will be used to help fund the $982 million leveraged buyout of the company by The Carlyle Group.

The prospective issuer is a Windsor, Conn., company that delivers investment and financial management software and related services focused exclusively on the financial services industry.

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