SS&C Technologies details redemption of $71.75 million in 11¾% notes

By Devika Patel

Knoxville, Tenn., April 26 - SS&C Technologies, Inc. gave further details on its planned redemption of $71.75 million principal amount of its outstanding 11¾% senior subordinated notes due 2013. The redemption was announced March 31.

The redemption price will be $1,058.75 per $1,000 of notes, plus accrued interest up to but excluding May 24.

Upon completion, there will be $133.25 million in notes remaining outstanding.

The redemption is being funded with a portion of the cash proceeds from the initial public offering of SS&C Technologies Holdings, Inc.

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

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