Company: SNPS
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001140361-25-026139
Chunk: 4

Company: SYNOPSYS INC
Filing Date: 2025-07-17
Form: 8-K
Item: Item 2.03
Chunk 4
---
Item 2.03.      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

As previously reported, on February 13, 2024, Synopsys entered into a senior unsecured term loan credit agreement (the “ Term Loan Credit Agreement”). On July 17, 2025, Synopsys borrowed the full $4.3 billion available under the Term Loan Credit Agreement to fund a portion of the
Cash Consideration, to pay transaction fees and expenses related to the Merger, such as the incurrence of indebtedness by Synopsys or one of its subsidiaries, the use of proceeds as described in the Term Loan Credit Agreement and the payment of
related fees, premiums and expenses, and to repay Ansys’ outstanding indebtedness.

The description of the Term Loan Credit Agreement is set forth under Item 1.01 in Synopsys’ Current Report on Form 8-K filed on February 14, 2024 (the “ Prior Term Loan 8-K”), which description is incorporated herein by reference. In addition, the Credit Agreement was filed as Exhibit 2.2 to the Prior Term Loan 8-K and is incorporated herein by
reference.

On July 17, 2025, Synopsys terminated the approximately $690 million in remaining commitments under the previously disclosed commitment
letter for a bridge facility to fund the Merger, reducing total commitments for the bridge facility to $0.