secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001140361-25-009060
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys issues $10B in senior notes across six tranches to fund Ansys acquisition; terminates $9.91B bridge facility
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- Issued $10B aggregate principal: $1B 4.550% notes due 2027, $1B 4.650% due 2028, $2B 4.850% due 2030, $1.5B 5.000% due 2032, $2.4B 5.150% due 2035, $2.1B 5.700% due 2055.
- Net proceeds to fund portion of planned Ansys merger, pay transaction fees and expenses, and repay Ansys' outstanding indebtedness.
- If Ansys merger not closed by later of Jan 31, 2026 or extended date, Synopsys must redeem 2027/2028/2030/2032 notes at 101% plus accrued interest.
- Terminated approximately $9.91 billion in previously disclosed bridge loan commitments for the Ansys merger, effective March 17, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000114036125009060/0001140361-25-009060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000114036125009060/ny20044174x9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-009060

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