---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-216701"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:46:51.706495+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadence closes $2.5B senior notes offering, uses proceeds to prepay existing loans

## Summary
- Issued $2.5B in three tranches: $500M 4.200% due 2027, $1B 4.300% due 2029, $1B 4.700% due 2034.
- Notes are unsecured senior obligations ranking equally with existing senior debt.
- Used part of net proceeds to prepay in full and terminate two loan agreements with Bank of America.
- Interest payable semi-annually March 10 and Sept 10, starting March 10, 2025.
- Redemption includes make-whole prior to par call dates with spreads of 10-15 bps depending on tranche.

## SEC filing metadata
- accession: 0001193125-24-216701
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000119312524216701/0001193125-24-216701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000119312524216701/d875436d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-216701
- JSON: https://secwatch.observer/filing/0001193125-24-216701.json
- Plain text: https://secwatch.observer/filing/0001193125-24-216701.txt

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