secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001193125-24-036439
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys signs $4.3B term loan for Ansys acquisition, amends $850M revolver
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- Sixth Amendment to $850M revolver adjusts financial covenants for Ansys Merger; no outstanding balance.
- New $4.3B term loan: $1.45B tranche maturing 2yr, $2.85B tranche maturing 3yr after funding.
- Proceeds to finance cash consideration and fees for pending Ansys Merger (announced Jan 15, 2024).
- Ticking fee of 0.10% p.a. on undrawn portion from May 14, 2024 until funding or termination.
- $4.3B of bridge commitments terminated, replaced by term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312524036439/0001193125-24-036439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312524036439/d716417d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-036439

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer