XML 51 R40.htm IDEA: XBRL DOCUMENT
v3.25.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Component of Debt | At December 31, 2025 and 2024, debt consisted of the following (in millions):
|  | December 31, |
|  | 2025 |  |  | 2024 |
Senior secured credit facilities, weighted-average interest rate of 5.63% and 6.26%, respectively |  | $ | 4,716.9 |  |  | $ | 4,295.0 |
5.5% senior notes due 2027 |  |  | 2,000.0 |  |  |  | 2,000.0 |
6.5% senior notes due 2032 |  |  | 750.0 |  |  |  | 750.0 |
Unamortized original issue discount and debt issuance costs |  | $ | (33.5 | ) |  |  | (35.4 | )
|  |  | 7,433.4 |  |  |  | 7,009.6 |
Less: current portion of long-term debt |  |  | 25.0 |  |  |  | 20.0 |
Long-term debt |  | $ | 7,408.4 |  |  | $ | 6,989.6 |
Schedule of the key terms of our Senior Secured Credit Facilities and Senior Notes | The table below provides a summary of the key terms of our Senior Secured Credit Facilities and Senior Notes:
|  | Amount Outstanding at December 31, 2025 |  |  | Maturity |  | Scheduled Quarterly
|  | (in millions) |  |  | Date |  | Payments Required
Senior Secured Credit Facilities |  |  |  |  |  |  |
Term B-8 Loans |  | $ | 3,941.9 |  |  | May 9, 2031 |  | (1)
Term A-9 Loans |  |  | 775.0 |  |  | September 27, 2029 (2) |  | 0.625% (3)
Revolving Credit Facility (4) |  |  | — |  |  | December 28, 2027 |  | None
5.5% Senior Notes |  |  | 2,000.0 |  |  | September 30, 2027 |  | None
6.5% Senior Notes |  |  | 750.0 |  |  | June 1, 2032 |  | None
(1) Per the September 2024 Incremental Joinder, scheduled quarterly payments of 0.25% are required. We have made all required scheduled payments on our Term B-8 Loans and do not have any principal payments due until maturity. (2) The Term A-9 Loans will mature on the earlier to occur of (1) September 27, 2029 or (2) 91 days prior to the maturity of (x) the 5.5% Senior Notes if more than $150.0 million aggregate principal amount remains outstanding on the 91 st day prior to such maturity or (y) the Revolving Credit Facility if more than $150.0 million aggregate principal amount of commitments remain outstanding on the 91 st day prior to such maturity, whichever of (x) or (y) comes first. (3) Scheduled quarterly payment required for the first eight fiscal quarters commencing with the fiscal quarter ending December 31, 2024. The scheduled quarterly payment will increase to 1.250% as of December 31, 2026 and for each quarter thereafter until the maturity date of the Term A-9 Loans. (4) The senior secured credit facility has a revolving credit facility available for borrowing by SS&C with $600.0 million in available commitments (“Revolving Credit Facility”), of which $593.7 million was available as of December 31, 2025. The Revolving Credit Facility also contains a $75.0 million letter of credit sub-facility, of which $6.3 million was utilized as of December 31, 2025.
Schedule of Debt Instrument Redemption Price Percentage Table | On and after June 1, 2027, we may, at our option, redeem some or all of the 6.5% Senior Notes, in whole or in part, at the redemption prices set forth in the following table, expressed as a percentage of the principal amount, plus accrued and unpaid interest to the redemption date:
Year |  | Price |
On or after June 1, 2027 |  |  | 103.250 | %
On or after June 1, 2028 |  |  | 101.625 | %
June 1, 2029 and thereafter |  |  | 100.000 | %
Schedule of Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of financial instruments are as follows (in millions):
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
|  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Senior secured credit facilities |  | $ | 4,690.7 |  |  | $ | 4,755.5 |  |  | $ | 4,268.6 |  |  | $ | 4,315.6 |
5.5% senior notes due 2027 |  |  | 1,998.8 |  |  |  | 2,004.4 |  |  |  | 1,998.1 |  |  |  | 1,984.2 |
6.5% senior notes due 2032 |  |  | 743.9 |  |  |  | 781.5 |  |  |  | 742.9 |  |  |  | 758.0 |
Schedule of Annual Maturities of Long-Term Debt During Next Five Years and Thereafter | At December 31, 2025, annual maturities of long-term debt during the next five years and thereafter are as follows (in millions):
Year ending December 31, |  |  |
2026 |  | $ | 25.0 |
2027 |  |  | 2,040.0 |
2028 |  |  | 40.0 |
2029 |  |  | 670.0 |
2030 |  |  | — |
Thereafter |  |  | 4,691.9 |
Total |  | $ | 7,466.9 |

X
- Definition Schedule of senior secured credit facilities and senior notes table text block. + References No definition available. + Details
Name: | ssnc_ScheduleOfSeniorSecuredCreditFacilitiesAndSeniorNotesTableTextBlock
Namespace Prefix: | ssnc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration