{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-22-000047","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2022-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.210979+00:00","generated_at":"2026-06-23T13:22:02.793152+00:00","sec_items":["1.01","2.03","5.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Cadence enters $300M term loan facility to repay OpenEye acquisition debt","bullets":["$300M three-year senior unsecured term loan credit facility entered into on Sept 7, 2022.","Proceeds used to repay ~$300M existing borrowings that funded OpenEye Scientific Software acquisition.","Interest rate: Term SOFR + 0.625%-1.125% or Base Rate + 0.0%-0.125%, based on debt rating.","Also amended credit agreement to change fiscal year to calendar year (effective 2023) and switch benchmark from LIBOR to Term SOFR."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-22-000047","json":"https://secwatch.observer/filing/0000813672-22-000047.json","markdown":"https://secwatch.observer/filing/0000813672-22-000047.md","text":"https://secwatch.observer/filing/0000813672-22-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367222000047/0000813672-22-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367222000047/cdns-20220907.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T13:22:02.793152+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}