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SS&C Technologies issues call for $66.63 million of 11¾% senior notes
By Toni Weeks
San Diego, Feb. 15 - SS&C Technologies Holdings, Inc. announced that its subsidiary, SS&C Technologies, Inc., has issued a call to redeem $66,625,000 of 11¾% senior subordinated notes due 2013.
The notes will be redeemed on March 17 at a redemption price of $1,029.375 per $1,000 principal amount, plus accrued interest.
The redemption is being funded with existing cash along with the proceeds from SS&C Technologies Holdings' recent offering of common stock.
After the redemption, $66,625,000 of notes will remain outstanding.
The trustee for the notes is Wells Fargo Bank NA (800 344-5128).
SS&C, based in Windsor, Conn., is a provider of investment and financial software-enabled services.
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