Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 21

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 21
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, 20 notes, 20 notes or 20 notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date. Special Mandatory Redemption If (i) the Ansys Merger is not consummated on or before the Special Mandatory Redemption End Date or (ii) Synopsys notifies the trustee under the indenture 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, at a special mandatory redemption price equal to 101% of the principal amount of the 20 notes, 20 notes, 20 notes and 20 notes, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date. The Special Mandatory Redemption will not apply to the 20 notes and 20 notes. See “Description of the Notes—Special Mandatory Redemption.” Purchase Upon a Change of Control Triggering Event If a Change of Control Triggering Event, as defined herein, occurs with respect to a series of notes, unless we have exercised our right to redeem such notes as described above, we will be required to make an offer to repurchase the notes for cash at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the repurchase date. See “Description of Notes—Purchase Upon Change of Control Triggering Event” for more information. Ranking The notes will be:

| • | our general unsecured and unsubordinated obligations; |

| • | equal in right of payment with all of our existing and future unsecured and unsubordinated indebtedness; |

| • | senior in right of payment to any of our future subordinated indebtedness; |

| • | structurally subordinated to all existing and future indebtedness and liabilities of our subsidiaries; and |

| • | effectively subordinated in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness. |

See “Description of the Notes—Ranking” in this prospectus supplement. Covenants The indenture under which the notes will be issued contains covenants restricting our ability, subject to certain exceptions, to incur debt secured by liens, to enter into sale and leaseback transactions or to