SS&C Technologies Inc., a global provider of financial services software and software-enabled solutions for administration and servicing, has provided more clarity regarding the financing of its acquisition of DST Systems Inc. The approximately $5.4 billion purchase price will be funded through a proposed $5.63 billion upsize to the term loans B and $1.25 billion of additional financing through the issuance of senior unsecured notes and/or equity. The balance on the term loans A and $600 million of senior unsecured notes will be repaid at close of the transaction. We are affirming our 'BB' corporate credit rating on SS&C, resolving the CreditWatch with negative implications and revising the outlook to negative. At the same time, we are lowering our issue-level rating
