---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-304926"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2022-12-14T23:59:59+00:00"
generated_at: "2026-06-21T05:06:27.424455+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Synopsys upsizes revolving credit facility to $850M and extends maturity to 2027

## Summary
- Facility increased from $650M to $850M; maturity extended from Jan 2024 to Dec 14, 2027.
- Borrower may further extend maturity at its option; uncommitted incremental facility of $150M available.
- No outstanding balance under the credit agreement as of the amendment date.
- Floating interest rates based on Adjusted Term SOFR plus margin of 0.785%-0.975%, or ABR.
- Financial covenant: maximum Consolidated Leverage Ratio; other customary covenants and events of default.

## SEC filing metadata
- accession: 0001193125-22-304926
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2022-12-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883241/000119312522304926/0001193125-22-304926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312522304926/d434584d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-304926
- JSON: https://secwatch.observer/filing/0001193125-22-304926.json
- Plain text: https://secwatch.observer/filing/0001193125-22-304926.txt

## Key facts
- Debt Financings
  SYNOPSYS INC amended revolving credit of upsizes the existing senior unsecured revolving credit facility from $650 million to $850 million maturing December 14, 2027.
  - Instrument: revolving credit
  - Principal: upsizes the existing senior unsecured revolving credit facility from $650 million to $850 million
  - Maturity: December 14, 2027
  - Event: amendment
  source text: The Fifth Amendment upsizes the existing senior unsecured revolving credit facility from $650 million to $850 million and extends the maturity date of such revolving credit facility from January 22, 2024 to December 14, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312522304926/0001193125-22-304926-index.htm
- Material Agreements
  SYNOPSYS INC amended Fifth Extension and Amendment Agreement valued at $850 million (effective 2022-12-14).
  - Action: amendment
  - Agreement: credit facility
  - Value: $850 million
  - Effective: 2022-12-14
  source text: On December 14, 2022, Synopsys, Inc. (“ Synopsys ”) entered into a Fifth Extension and Amendment Agreement (the “ Fifth Amendment ”), which amends and restates Synopsys’ previous credit agreement, dated as of January 22, 2021 (as amended and restated, the “ Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312522304926/0001193125-22-304926-index.htm

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