Shearman & Sterling advised Royal Bank of Canada, as a lead arranger and a lender, and Credit Suisse AG, Cayman Islands Branch, administrative agent, on an incremental amendment to SS&C Technologies, Inc.’s existing credit agreement to provide $650 million Incremental Term B-6 Loans and $880 million Incremental B-7 Loans to finance the acquisition of Blue Prism Group PLC.
SS&C Technologies provides investment management software and services. It offers accounting, business process management, client communication, data management, employee benefits administration, performance measurement & attribution, portfolio management, reconciliation and data collection, risk and compliance, and trading and settlement solutions. The company also offers fund administration services, managed services, professional services, technology and operations outsourcing, and research services. It serves alternative investments, asset management, banking and lending, wealth management, insurance, property management, and REIT accounting and administration. The company was founded in 1986 and is based in Windsor, Connecticut with additional offices internationally.
The Shearman & Sterling team below included associates Tyler Hawley and Christian Reese (both New York-Finance).