Moody's rates SS&C loans Ba3

Moody's Investors Service said it assigned a Ba3 corporate family rating, B1 probability of default rating and Ba3 ratings to the senior secured credit facilities of SS&C Technologies, Inc. and its indirect wholly owned subsidiary, SS&C Technologies Holdings Europe Sarl.

The outlook is stable.

Moody's said the credit facilities are being raised in conjunction with SS&C's pending acquisition of GlobeOp Financial Services SA for about $949 million.

SS&C will use the net proceeds from the new credit facilities, cash on hand and a draw under a $142 million bridge loan to finance the acquisition of GlobeOp and refinance its existing debt, including the incremental borrowings to complete the previously announced acquisition of Portia for about $170 million.

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