Windsor’s SS&C Technologies Inc. is calling due $66.6 million of its outstanding debt and replacing it with cheaper financing through a new line of credit with Bank of America.
The main unit of SS&C Technologies Holdings Inc. announced Friday issuance of a notice of redemption for all of its 11 ¾ percent senior debt due 2013.
To entice redemptions, SS&C offers to pay full face amount on the debt. It also declared that after Dec. 19, it will no longer pay interest on any unredeemed bonds.
Meantime, SS&C said it signed a commitment letter with Bank of America for a  new $125 million senior secured revolving credit line.
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The line will go for working capital and other general corporate purposes, SS&C said.
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