{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-026139","form_type":"8-K","ticker":"SNPS","cik":"0000883241","company_name":"SYNOPSYS INC","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.573363+00:00","generated_at":"2026-05-18T06:07:14.023663+00:00","sec_items":["1.01","2.01","2.03","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Synopsys completes acquisition of Ansys; exchange ratio adjusted, board adds two Ansys directors","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-026139","json":"https://secwatch.observer/filing/0001140361-25-026139.json","markdown":"https://secwatch.observer/filing/0001140361-25-026139.md","text":"https://secwatch.observer/filing/0001140361-25-026139.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/0001140361-25-026139-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/ef20051970_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:07:14.023663+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":[{"claim_id":"82af370e2f8fa48a0beb27d8cd206ac17a38831d","claim":"SYNOPSYS INC incurred term loan of $4.3 billion.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/0001140361-25-026139-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$4.3 billion"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5d716208068f138744b34f821b3980ea625e4d2b","claim":"SYNOPSYS INC completed an acquisition involving ANSYS, Inc. (closed 2025-07-17).","evidence_excerpt":"On July 17, 2025, Synopsys completed its acquisition of Ansys pursuant to the Merger Agreement.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/0001140361-25-026139-index.htm","confidence":0.99,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"ANSYS, Inc."},{"label":"Closing","value":"2025-07-17"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}