Cadence Design Systems Enters Material Definitive Agreement

Ticker: CDNS · Form: 8-K · Filed: 2024-09-05T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, filing-update

Related Tickers: CDNS

TL;DR

CADENCE DESIGN SYSTEMS (CDNS) SIGNED A BIG NEW DEAL - DETAILS TO FOLLOW.

AI Summary

On September 4, 2024, Cadence Design Systems, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The exact nature and financial terms of the agreement are not detailed in the provided excerpt.

Why It Matters

This filing indicates a significant new agreement for Cadence Design Systems, which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement's terms and financial implications introduces uncertainty.

Key Players & Entities

CADENCE DESIGN SYSTEMS, INC. (company) — Registrant
September 4, 2024 (date) — Date of earliest event reported
Delaware (jurisdiction) — State of Incorporation
2655 Seely Avenue, Building 5 San Jose , California 95134 (location) — Address of Principal Executive Offices
408-943-1234 (phone_number) — Registrant's telephone number

FAQ

What is the nature of the Material Definitive Agreement entered into by Cadence Design Systems?

The provided excerpt does not specify the nature of the Material Definitive Agreement, only that one was entered into on September 4, 2024.

When was the Material Definitive Agreement reported?

The Material Definitive Agreement was reported on September 4, 2024, which is the date of the earliest event reported.

What is Cadence Design Systems' state of incorporation?

Cadence Design Systems, Inc. is incorporated in Delaware.

What is the principal executive office address for Cadence Design Systems?

The principal executive office address is 2655 Seely Avenue, Building 5, San Jose, California 95134.

Does this filing include financial statements?

Yes, the filing indicates that it includes financial statements and exhibits.

Filing Stats: 1,056 words · 4 min read · ~4 pages · Grade level 12.1 · Accepted 2024-09-04 20:56:52

Key Financial Figures

$0.01 — ange on which registered Common Stock, $0.01 par value per share CDNS Nasdaq Glo
$2.5 billion — o the public offering by the Company of $2.5 billion aggregate principal amount of senior no
$500 million — l amount of senior notes, consisting of $500 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

d872384d8k.htm (8-K) — 26KB
d872384dex11.htm (EX-1.1) — 148KB
0001193125-24-213398.txt ( ) — 327KB
cdns-20240904.xsd (EX-101.SCH) — 2KB
cdns-20240904_lab.xml (EX-101.LAB) — 17KB
cdns-20240904_pre.xml (EX-101.PRE) — 11KB
d872384d8k_htm.xml (XML) — 4KB

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 4, 2024 CADENCE DESIGN SYSTEMS, INC. By: /s/ John M. Wall John M. Wall Senior Vice President and Chief Financial Officer