---
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"
generated_at: "2026-05-18T06:07:14.023663+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Synopsys completes acquisition of Ansys; exchange ratio adjusted, board adds two Ansys directors

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-026139
- JSON: https://secwatch.observer/filing/0001140361-25-026139.json
- Plain text: https://secwatch.observer/filing/0001140361-25-026139.txt

## Key facts
- Debt Financings
  SYNOPSYS INC incurred term loan of $4.3 billion.
  - Instrument: term loan
  - Principal: $4.3 billion
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/0001140361-25-026139-index.htm
- M&A Transactions
  SYNOPSYS INC completed an acquisition involving ANSYS, Inc. (closed 2025-07-17).
  - Action: acquisition
  - Counterparty: ANSYS, Inc.
  - Closing: 2025-07-17
  source text: On July 17, 2025, Synopsys completed its acquisition of Ansys pursuant to the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000114036125026139/0001140361-25-026139-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.