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DST Systems extends consent solicitation, termination agreement

DST Systems Inc. has extended its previously announced consent solicitation, seeking consents from holders of certain of its senior notes and the purchasers of some of its to-be-issued senior notes.

DST also extended the solicitation of approval of the purchasers of the tranche C notes to terminate the company's obligation to issue notes and its ongoing obligations under the 2017 note purchase agreement.

The consent solicitation is required to amend certain provisions of note purchase agreements in connection with the company's pending purchase by SS&C Technologies Holdings Inc.

The consent solicitation and the solicitation of approvals for the termination agreement will each expire at 5:00 p.m. ET March 30, unless extended or terminated earlier.