SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial, and healthcare software-enabled services and software, announced its financial results for the fourth quarter and full year ended December 31, 2020.
SS&C paid down $738.2 million in debt in 2020 to bring our net leverage ratio and net secured leverage ratio to 3.39 times and 2.31 times consolidated EBITDA, respectively.
SS&C generated net cash from operating activities of $1,184.7 million for the twelve months ended December 31, 2020, compared to $1,328.3 million for the same period in 2019. SS&C ended the fourth quarter with $209.3 million in cash and cash equivalents and $6,504.9 million in gross debt, for a net debt balance of $6,295.6 million. SS&C’s consolidated net leverage ratio as defined in our credit agreement stood at 3.39 times consolidated EBITDA as of December 31, 2020.
SS&C’s net secured leverage ratio stood at 2.31 times consolidated EBITDA as of December 31, 2020.
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