---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-213398"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:21:21.676740+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadence issues $2.5B senior notes in three tranches to repay debt

## Summary
- $500M at 4.200% due 2027, $1.0B at 4.300% due 2029, $1.0B at 4.700% due 2034.
- Underwriting led by J.P. Morgan, BofA Securities, HSBC; close expected Sept 10, 2024.
- Net proceeds to repay term loan facilities and 4.375% notes due Oct 2024, plus general corporate purposes.
- Notes are unsecured senior obligations ranking equally with existing senior debt.

## SEC filing metadata
- accession: 0001193125-24-213398
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000119312524213398/0001193125-24-213398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000119312524213398/d872384d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-213398
- JSON: https://secwatch.observer/filing/0001193125-24-213398.json
- Plain text: https://secwatch.observer/filing/0001193125-24-213398.txt

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