...- SS&C Technologies Holdings Inc. has issued new term loans totaling $1.53 billion due 2029 and has used the proceeds to primarily fund its acquisition of Blue Prism, a leading provider of robotic process automation (RPA) solutions, which we see as complementary and value-enhancing to SS&C's customers in the financial services and health care sectors. - This incremental debt will weaken credit metrics; however, with pro forma leverage projected to be around 3.8x at closing, SS&C will continue to have a significant cushion at the current rating. - We affirmed all our ratings on the company, including the '##' issuer credit rating, the '##+' issue-level and '2' recovery ratings on its senior secured credit facilities due 2025, and the 'B+' issue-level and '6' recovery ratings on its 5.5% unsecured debt notes due 2027. At the same time, we also assigned the new term loans due 2029 '##+' issue-level and '2' recovery ratings. - The stable outlook on SS&C reflects our view that despite pro forma...
