AI English summary of an SEC filing — figures as filed
Synopsys SNPSSynopsys said it entered into an underwriting agreement on March 3, 2025 with BofA Securities, Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters, for a public offering of senior notes.
Key points
AI summarySynopsys said it entered into an underwriting agreement on March 3, 2025 with BofA Securities, Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters, for a public offering of senior notes.
The company said it will issue senior notes due 2027 in an aggregate principal amount of $1,000,000,000 at 4.550%, due 2028 at $1,000,000,000 at 4.650%, due 2030 at $2,000,000,000 at 4.850%, due 2032 at $1,500,000,000 at 5.000%, due 2035 at $2,400,000,000 at 5.150%, and due 2055 at $2,100,000,000 at 5.700%.
Synopsys said that, absent a special mandatory redemption event, it plans to use the net proceeds, cash on hand, and borrowings under its existing term loan and, if applicable, the bridge commitment to fund part of the cash consideration for its pending acquisition of Ansys, pay transaction fees and expenses, and repay Ansys's existing debt. If a special mandatory redemption occurs, proceeds from the 2027, 2028, 2030 and 2032 notes will be used for general corporate purposes, including repaying existing debt.
The company said the notes offering is expected to close on March 17, 2025, subject to customary closing conditions. Certain underwriters and/or their affiliates are lenders, agents or arrangers under the term loan, revolving credit agreement and bridge commitment and will receive compensation for those roles.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Synopsys enters underwriting agreement for senior notes offering
Synopsys said it entered into an underwriting agreement on March 3, 2025 with BofA Securities, Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters, for a public offering of senior notes.
Source · Based on the filing body and exhibits
Senior notes issuance amounts by maturity
The company said it will issue senior notes due 2027 in an aggregate principal amount of $1,000,000,000 at 4.550%, due 2028 at $1,000,000,000 at 4.650%, due 2030 at $2,000,000,000 at 4.850%, due 2032 at $1,500,000,000 at 5.000%, due 2035 at $2,400,000,000 at 5.150%, and due 2055 at $2,100,000,000 at 5.700%.
Source · Based on the filing body and exhibits
Use of net proceeds and uses if special mandatory redemption occurs
Synopsys said that, absent a special mandatory redemption event, it plans to use the net proceeds, cash on hand, and borrowings under its existing term loan and, if applicable, the bridge commitment to fund part of the cash consideration for its pending acquisition of Ansys, pay transaction fees and expenses, and repay Ansys's existing debt. If a special mandatory redemption occurs, proceeds from the 2027, 2028, 2030 and 2032 notes will be used for general corporate purposes, including repaying existing debt.
Source · Based on the filing body and exhibits
Expected closing date and underwriter relationships
The company said the notes offering is expected to close on March 17, 2025, subject to customary closing conditions. Certain underwriters and/or their affiliates are lenders, agents or arrangers under the term loan, revolving credit agreement and bridge commitment and will receive compensation for those roles.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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