SYNOPSYS INC (SNPS): M&A transaction — Synopsys completes acquisition of Ansys; exchange ratio adjusted, board adds two Ansys directors

SYNOPSYS INC

Each Ansys share converted to ~0.34 Synopsys shares + ~$199.91 cash; ratio adjusted to stay under 19.999% issuance cap.
Synopsys borrowed full $4.3B term loan and terminated $690M bridge commitment to fund cash consideration and fees.
Board expanded to 11; former Ansys CEO Ajei Gopal and director Ravi Vijayaraghavan appointed immediately.
Janet Lee (ex-Ansys GC) named Synopsys General Counsel & Corporate Secretary; John Runkel stays as Chief Legal Officer through Jan 2026.
Combined TAM estimated at $31B; first integrated multiphysics EDA capabilities expected in H1 2026.

item 1.01 item 2.01 item 2.03 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

SYNOPSYS INC incurred term loan of $4.3 billion.

Instrument: term loan
Principal: $4.3 billion
Event: incurrence

Exact text from the filing

On July 17, 2025, Synopsys borrowed the full $4.3 billion available under the Term Loan Credit Agreement to fund a portion of the Cash Consideration, to pay transaction fees and expenses related to the Merger, such as the incurrence of indebtedness by Synopsys or one of its subsidiaries, the use of proceeds as described in the Term Loan Credit Agreement and the payment of related fees, premiums and expenses, and to repay Ansys’ outstanding indebtedness.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

SYNOPSYS INC completed an acquisition involving ANSYS, Inc. (closed 2025-07-17).

Action: acquisition
Counterparty: ANSYS, Inc.
Closing: 2025-07-17

Exact text from the filing

On July 17, 2025, Synopsys completed its acquisition of Ansys pursuant to the Merger Agreement.

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41 debt financings filed in the last 30 days. Browse all debt financings →

SYNOPSYS INC filing history →

Source: SEC EDGAR

accession 0001140361-25-026139

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