Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SYNOPSYS INC incurred term loan of up to $4.3 billion with JPMorgan Chase Bank, N.A. (as administrative agent) and the lenders party thereto at Adjusted Term SOFR Rate plus an applicable margin based on the credit ratings of maturing Tranche 1 matures two years after funding; Tranche 2 matures three years after funding.
- Instrument
- term loan
- Principal
- up to $4.3 billion
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent) and the lenders party thereto
- Rate
- Adjusted Term SOFR Rate plus an applicable margin based on the credit ratings of
- Maturity
- Tranche 1 matures two years after funding; Tranche 2 matures three years after funding
- Event
- incurrence
Exact text from the filing
On February 13, 2024, Synopsys entered into a Term Loan Facility Credit Agreement (the “Term Loan Agreement”) in connection with the financing of the pending Ansys Merger, by and among Synopsys, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Term Loan Agreement provides us with the ability to borrow up to $4.3 billion at the closing of the Ansys Merger, subject to satisfaction of customary closing conditions for similar facilities, for the purpose of financing a portion of the cash consideration to be paid in the Ansys Merger and paying related fees and expenses in connection with the Ansys Merger and the other transactions contemplated by the Merger Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SYNOPSYS INC entered into Term Loan Facility Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $4.3 billion (effective 2024-02-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Value
- $4.3 billion
- Effective
- 2024-02-13
Exact text from the filing
On February 13, 2024, Synopsys entered into a Term Loan Facility Credit Agreement (the “Term Loan Agreement”) in connection with the financing of the pending Ansys Merger, by and among Synopsys, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SYNOPSYS INC amended Sixth Amendment to Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-02-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Effective
- 2024-02-13
Exact text from the filing
On February 13, 2024, Synopsys, Inc. (“Synopsys”) entered into a Sixth Amendment Agreement (the “Sixth Amendment”), by and among Synopsys, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which amends and restates Synopsys’ previous credit agreement, dated as of December 14, 2022 (as amended and restated by the Sixth Amendment, the “Revolving Credit Agreement”).
View on SEC.gov