Cadence Design Systems Files 8-K on Agreements
Ticker: CDNS · Form: 8-K · Filed: Sep 10, 2024 · CIK: 813672
| Field | Detail |
|---|---|
| Company | Cadence Design Systems Inc (CDNS) |
| Form Type | 8-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $2.5 billion, $500.0 million, $1.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement, filing, financial-obligation
Related Tickers: CDNS
TL;DR
CADENCE DESIGN SYSTEMS (CDNS) filed an 8-K today about new and terminated deals. Watch for details.
AI Summary
On September 10, 2024, Cadence Design Systems, Inc. filed an 8-K report detailing the entry into and termination of material definitive agreements. The filing also indicates the creation of direct financial obligations or off-balance sheet arrangements for the registrant. Specific details regarding the nature of these agreements and obligations were not provided in the excerpt.
Why It Matters
This filing signals significant changes in Cadence Design Systems' contractual and financial obligations, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing indicates changes in material definitive agreements and financial obligations, which could introduce new risks or resolve existing ones.
Key Players & Entities
- CADENCE DESIGN SYSTEMS, INC. (company) — Registrant
- September 10, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of Incorporation
- 2655 Seely Avenue, Building 5 (address) — Principal Executive Offices
- San Jose, California 95134 (address) — Principal Executive Offices
FAQ
What specific material definitive agreements were entered into by Cadence Design Systems?
The provided excerpt does not specify the details of the material definitive agreements entered into.
Which material definitive agreements were terminated by Cadence Design Systems?
The excerpt mentions the termination of material definitive agreements but does not name them.
What are the new direct financial obligations or off-balance sheet arrangements created?
The filing indicates the creation of such obligations, but the specific nature and amounts are not detailed in the provided text.
What is the significance of the 'Entry into a Material Definitive Agreement' and 'Termination of a Material Definitive Agreement' items?
These items signify that the company has entered into and concluded significant contracts or deals that could have a material impact on its business.
When was Cadence Design Systems incorporated?
Cadence Design Systems, Inc. was incorporated in Delaware.
Filing Stats: 1,632 words · 7 min read · ~5 pages · Grade level 10.4 · Accepted 2024-09-10 17:19:01
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share CDNS Nasdaq Glo
- $2.5 billion — previously announced public offering of $2.5 billion aggregate principal amount of senior no
- $500.0 million — l amount of senior notes, consisting of $500.0 million aggregate principal amount of its 4.200
- $1.0 billion — nior Notes due 2027 (the "2027 Notes"), $1.0 billion aggregate principal amount of its 4.300
Filing Documents
- d875436d8k.htm (8-K) — 34KB
- d875436dex41.htm (EX-4.1) — 281KB
- d875436dex42.htm (EX-4.2) — 306KB
- d875436dex51.htm (EX-5.1) — 21KB
- g875436g17w35.jpg (GRAPHIC) — 4KB
- g875436g86a15.jpg (GRAPHIC) — 7KB
- 0001193125-24-216701.txt ( ) — 919KB
- cdns-20240910.xsd (EX-101.SCH) — 2KB
- cdns-20240910_lab.xml (EX-101.LAB) — 17KB
- cdns-20240910_pre.xml (EX-101.PRE) — 11KB
- d875436d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Base Indenture, dated as of September 10, 2024, by and between Cadence Design Systems, Inc. and U.S. Bank Trust Company, National Association, as trustee. 4.2 First Supplemental Indenture, dated as of September 10, 2024, by and between Cadence Design Systems, Inc. and U.S. Bank Trust Company, National Association, as trustee (including the Form of 4.200% Senior Notes due 2027, the Form of 4.300% Senior Notes due 2029 and the Form of 4.700% Senior Notes due 2034). 5.1 Opinion of Latham & Watkins LLP. 23.1 Consent of Latham & Watkins LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 10, 2024 CADENCE DESIGN SYSTEMS, INC. By: /s/ John M. Wall John M. Wall Senior Vice President and Chief Financial Officer