SSNC completes Calastone acquisition, secures $1.05B financing
Rhea-AI Filing Summary
SS&C Technologies Holdings (SSNC) completed its previously announced acquisition of Colossus Topco Limited, the parent of Calastone Limited, a global funds network and technology solutions provider to the wealth and asset management industries. The closing occurred on October 14, 2025.
To fund the transaction, SS&C Technologies, Inc. entered an Incremental Joinder to its Credit Agreement and borrowed $1,050 million in incremental Term B-8 loans. These loans are a fungible increase to existing Term B-8 borrowings, mature on May 9, 2031, and bear interest at the Base Rate plus 1.00% per annum or the Term SOFR Rate plus 2.00% per annum, at SS&C’s option. The company used the net proceeds to finance the acquisition, related fees and expenses, and for working capital and general corporate purposes.
SS&C also furnished a press release announcing the completion of the acquisition, and filed the Incremental Joinder as an exhibit.
Positive
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Insights
Acquisition closed; $1.05B term debt added, 2031 maturity.
SS&C closed the purchase of Colossus Topco Limited (parent of Calastone), adding scale in fund network and technology services. Financing came via
The Incremental Term B-8 loans carry interest at Base Rate +
Key considerations now are integration progress and leverage trajectory, which will be reflected in subsequent disclosures. The filing specifies terms and use of proceeds; any operating impact will depend on future performance reporting.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Item 1.01. Entry Into a Material Definitive Agreement.
The information set forth under Item 2.03 is incorporated herein by reference.
Item 2.01. Completion of Acquisition or Disposition of Assets.
On October 14, 2025, SS&C Technologies Holdings, Inc. (the “Company”) completed its previously announced acquisition of Colossus Topco Limited, the parent company of Calastone Limited, a global funds network and technology solutions provider to the wealth and asset management industries, on the terms described in the Company’s Current Report on Form 8-K filed on July 21, 2025 (the “Acquisition”). A copy of the Company’s press release dated October 14, 2025 announcing the completion of the Acquisition is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.01.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
On October 14, 2025, SS&C Technologies, Inc. (“SS&C Tech”) entered into an Incremental Joinder to Credit Agreement (the “Amendment”), which amends its existing amended and restated credit agreement, dated as of April 16, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among SS&C Tech, the Company, Morgan Stanley Senior Funding, Inc., as the administrative agent, certain lenders party thereto and the other parties from time to time party thereto. Pursuant to the Amendment, SS&C Tech borrowed $1,050 million in aggregate principal amount of incremental term B-8 loans (the “Incremental Term B-8 Loans”). The net proceeds of the Incremental Term B-8 Loans were used to finance the Acquisition, fees and expenses related thereto, and for working capital and general corporate purposes. The Incremental Term B-8 Loans will be incurred as a fungible increase to SS&C’s existing term B-8 Loans and will mature on May 9, 2031 and bear interest at, at SS&C’s option, the Base Rate, plus 1.00% per annum, or the Term SOFR Rate, plus 2.00% per annum.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
A copy of the Company’s press release dated October 14, 2025 announcing the completion of the Acquisition is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
10.1 |
Incremental Joinder to Credit Agreement |
99.1 |
Press Release, issued by the Company on October 14, 2025. |
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, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 14, 2025
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SS&C TECHNOLOGIES HOLDINGS, INC. |
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By: |
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/s/ Brian N. Schell |
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Brian N. Schell |
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Executive Vice President and Chief Financial Officer |
FAQ
What did SS&C Technologies (SSNC) announce in its 8-K?
How did SS&C finance the Calastone acquisition?
What are the interest terms on the new Term B-8 loans?
When do SS&C’s Incremental Term B-8 loans mature?
What will the loan proceeds be used for?
Which SS&C entity entered into the credit amendment?
Did SS&C provide additional materials about the deal closing?
