Synopsys Files 8-K for Material Agreement & Financial Obligation
Ticker: SNPS · Form: 8-K · Filed: 2024-02-14T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, financial-obligation, corporate-action
TL;DR
**Synopsys just filed an 8-K for a new material agreement and financial obligation, but the details aren't in this snippet!**
AI Summary
Synopsys, Inc. filed an 8-K on February 14, 2024, reporting events that occurred on February 13, 2024. The filing indicates the company entered into a material definitive agreement and created a direct financial obligation. However, the provided text does not include specific details regarding the nature of this agreement or the amount of the financial obligation.
Why It Matters
This filing signals that Synopsys has undertaken a significant corporate action, potentially impacting its financial structure or strategic direction, though the specific implications cannot be determined from the provided text.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which can carry significant financial or operational risks or opportunities, but the lack of specific details prevents a precise assessment.
Key Players & Entities
- SYNOPSYS, INC. (company) — Registrant
FAQ
What was the earliest event date reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 13, 2024.
What items were reported in this 8-K filing by Synopsys, Inc.?
Synopsys, Inc. reported 'Entry into a Material Definitive Agreement' (Item 1.01), 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' (Item 2.03), 'Other Events' (Item 8.01), and 'Financial Statements and Exhibits' (Item 9.01).
What is the state of incorporation for SYNOPSYS, INC.?
SYNOPSYS, INC. is incorporated in Delaware.
What is the business address of SYNOPSYS, INC.?
The business address of SYNOPSYS, INC. is 675 Almanor Ave., Sunnyvale, California 94085.
When was this 8-K filing filed as of?
This 8-K filing was filed as of February 14, 2024.
Filing Stats: 1,975 words · 8 min read · ~7 pages · Grade level 11.7 · Accepted 2024-02-14 16:48:14
Key Financial Figures
- $0.01 — registered Common Stock (par value of $0.01 per share) SNPS Nasdaq Global Selec
- $850.0 million — Credit Agreement provides an unsecured $850.0 million committed multicurrency revolving loan
- $150.0 million — mental revolving loan facility of up to $150.0 million. The maturity date of the revolving loa
- $4.3 billion — des us with the ability to borrow up to $4.3 billion at the closing of the Ansys Merger, sub
- $1.45 billion — nches of senior unsecured term loans: a $1.45 billion tranche ("Tranche 1") that matures two
- $2.85 billion — t matures two years after funding and a $2.85 billion tranche ("Tranche 2") that matures thre
- $16 billion — of customary closing conditions, up to $16 billion of senior bridge term loans (the "Bridg
Filing Documents
- d716417d8k.htm (8-K) — 39KB
- d716417dex21.htm (EX-2.1) — 1356KB
- d716417dex22.htm (EX-2.2) — 671KB
- 0001193125-24-036439.txt ( ) — 2638KB
- snps-20240213.xsd (EX-101.SCH) — 2KB
- snps-20240213_lab.xml (EX-101.LAB) — 17KB
- snps-20240213_pre.xml (EX-101.PRE) — 11KB
- d716417d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 2.1 Sixth Amendment Agreement, dated February 13, 2024, by and among Synopsys, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders . 2.2 Term Loan Facility Credit Agreement, dated February 13, 2024, by and among Synopsys, as borrower, the lenders party thereto, HSBC Securities (USA) Inc., and Bank of America, N.A., as co-syndication agents, Mizuho Bank, LTD., The Bank of Nova Scotia, TD Bank, N.A., Truist Bank, and Wells Fargo Bank, National Association, as co-documentation agents, and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. 104 Cover Page Interactive Data File (formatted as Inline XBRL).
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. SYNOPSYS, INC. Dated: February 14, 2024 By: /s/ John F. Runkel, Jr. Name: John F. Runkel, Jr. Title: General Counsel and Corporate Secretary