secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001193125-24-213398
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000119312524213398/0001193125-24-213398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000119312524213398/d872384d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-213398

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