UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 22, 2020
____________________
SS&C TECHNOLOGIES HOLDINGS, INC.
(Exact name of Registrant as Specified in Its Charter)
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| Delaware | 001-34675 | 71-0987913 |
(State or Other Jurisdiction of Incorporation) | (Commission
File Number) | (IRS Employer
Identification No.) |
| | | |
| 80 Lamberton Road, Windsor, CT | 06095 |
| |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (860) 298-4500
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities to be registered pursuant to Section 12(b) of the Act
| Title of each class | | Trading Symbol | | Name of each exchange on which registered |
| Common stock, par value $0.01 per share | | SSNC | | The Nasdaq Global Select Market |
Item 2.02. Results of Options and Financial Condition
As of December 31, 2019, our total secured indebtedness and unsecured indebtedness outstanding was approximately $5.2 billion and $2 billion, respectively. During the three months ended December 31, 2019, we made certain repayments under the outstanding tranches of term loans comprising the amended and restated credit agreement between us and SS&C Technologies, Inc. (“SS&C”), SS&C European Holdings SARL, an indirect wholly-owned subsidiary of SS&C and SS&C Technologies Holdings Europe SARL, an indirect wholly-owned subsidiary of SS&C, as the borrowers (the “Credit Agreement”). Such payments and outstanding balances of each of our tranches of secured indebtedness as of December 31, 2019 are presented below.
| | | | Outstanding balance at | | | | |
| | | | September 30, 2019 | | | | December 31, 2019 | | | | Change from prior period | |
| Term B-1 Loan | | | 201,750,500 | | | | - | | | | (201,750,500 | ) |
| Term B-3 Loan | | | 2,194,926,500 | | | | 1,982,637,000 | | | | (212,289,500 | ) |
| Term B-4 Loan | | | 1,449,800,000 | | | | 1,374,660,000 | | | | (75,140,000 | ) |
| Term B-5 Loan | | | 1,846,133,000 | | | | 1,841,433,000 | | | | (4,700,000 | ) |
| Total | | | $ 5,692, 610,000 | | | $ | 5,198,730,000 | | | $ | (493,880,000 | ) |
Item 9.01. Financial Statements and Exhibits
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | SS&C TECHNOLOGIES HOLDINGS, INC. |
| | | | |
| Date: January 22, 2020 | | By: | /s/ Patrick J. Pedonti |
| | | | Patrick J. Pedonti |
| | | | Senior Vice President and Chief Financial Officer |
