secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0001193125-22-304926
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312522304926/0001193125-22-304926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312522304926/d434584d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-304926

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