Company: SNPS
Filing Date: 2025-07-17
Form Type: 425
Source: 0001140361-25-026144
Chunk: 1

Company: SYNOPSYS INC
Filing Date: 2025-07-17
Form: 425
Chunk 1
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 new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Introductory Note On July 17, 2025 (the “ Closing Date”), ANSYS, Inc., a Delaware corporation (the “ Company”), Synopsys, Inc., a Delaware corporation (“ Synopsys”), and ALTA Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Synopsys (“ Merger Sub”), completed the transactions contemplated by the previously announced Agreement and Plan of Merger, dated as of January 15, 2024 (as amended, supplemented or otherwise modified from time to time, the “ Merger Agreement”), by and among the Company, Synopsys and Merger Sub. Pursuant to the Merger Agreement, Merger Sub was merged with and into the Company (the “ Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Synopsys. Capitalized terms used herein without definition have the meanings specified in the Merger Agreement.

| Item1.02 | Termination of a Material Definitive Agreement. |

The information contained in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.02. Concurrently with the Merger, the Company repaid all obligations outstanding under, and terminated, the Credit Agreement, dated as of June 30, 2022 (as amended, supplemented or otherwise modified from time to time, the “ Credit Agreement”), by and among the Company, as borrower, each lender from time to time party thereto, PNC Bank, National Association, as administrative agent, swing line lender and an issuer of letters of credit, and the other issuers of letters of credit from time to time party thereto. The Company did not incur any penalties in connection with its prepayment of the outstanding obligations or termination of the remaining commitments. Prior to its termination, the Credit Agreement provided for a $755 million unsecured term loan facility and a $500 million unsecured revolving facility, each of which would have matured on June 30, 2027.

| Item2.01 | Completion of Acquisition or Disposition of Assets. |

The information contained in the Introductory Note and in Items 1.02, 3.01, 3.03, 5.01, 5.02 and 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01. At the effective time of the Mer