Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 2

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 2
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 “Description of Notes—Purchase Upon Change of Control Triggering Event.”

The notes will be our senior unsecured and unsubordinated obligations and will rank equally among themselves and with all of our existing and future senior unsecured debt and senior to all of our subordinated debt.

The notes are being issued in connection with the proposed acquisition of ANSYS, Inc. (“Ansys”), and we plan to use the net proceeds from this offering, as well as our cash on hand, borrowings under the Term Loan Credit Agreement (as defined herein) and the Bridge Commitment (as defined herein), if applicable, to fund the acquisition, to pay related transaction fees and expenses and to repay Ansys’ outstanding indebtedness. See “Use of Proceeds.” The closing of this offering is not contingent on the consummation of the acquisition, which, if completed, will occur subsequent to the closing of this offering, and there can be no assurance that the acquisition will be consummated on the terms described herein or at all. However, if (i) the Ansys Merger (as defined herein) is not consummated on or before the later of (x) January 31, 2026 and (y) the date that is five business days after any later date upon which “Closing” is permitted to occur under the terms of the Merger Agreement (as defined herein) (as mutually agreed upon by the parties to the Merger Agreement) (the “Special Mandatory Redemption End Date”) or (ii) Synopsys notifies the trustee under the indenture in writing that Synopsys will not pursue consummation of the Ansys Merger, Synopsys will be required to redeem all outstanding 20  notes, 20  notes, 20  notes and 20  notes (the “Special Mandatory Redemption”), at a special mandatory redemption price equal to 101% of the aggregate principal amount of the 20  notes,

TABLE OF CONTENTS

20 notes, 20 notes and 20 notes, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date (as defined herein). The 20 notes and 20 notes are not subject to the Special Mandatory Redemption. The proceeds from this offering will not be deposited into an escrow account pending completion of the Ansys Merger or any Special Mandatory Redemption, nor will Synopsys be required to grant any security interest or other lien on those proceeds to secure any redemption of the notes. See “