Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 61

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 61
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 have occurred in respect of a particular Change of Control (and thus will not be deemed a Ratings Event for purposes of the definition of Change of Control Repurchase Event)

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TABLE OF CONTENTS

unless each of the Rating Agencies announces or publicly confirms or informs the trustee in writing at Synopsys’ or its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control. Notwithstanding the foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated. “S&P” means S&P Global Ratings, a division of S&P Global Inc., and its successors. “Voting Stock” of any specified person as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors or managers of such person (or, if such person is a partnership, the board of directors or other governing body of the general partner of such person). Certain Covenants Limitation on Liens Synopsys will not incur, and will not permit any of its Restricted Subsidiaries to incur, any Indebtedness secured by a Lien (as defined below) upon (a) any Principal Property of Synopsys or any of its Restricted Subsidiaries or (b) any shares of stock or Indebtedness of any of its Restricted Subsidiaries (whether such Principal Property or shares or Indebtedness of any Restricted Subsidiary are now existing or owned or hereafter created or acquired), in each case, unless prior to or at the same time, the notes (together with, at the option of Synopsys, any other Indebtedness or Guarantees of Synopsys or any of its Subsidiaries ranking equally in right of payment with the notes or such Guarantee) are equally and ratably secured with or, at the option of Synopsys, prior to, such secured Indebtedness. The foregoing restriction does not apply to:

| (1) | Liens existing as of the closing date of this offering; |

| (2) | Liens granted after the closing date of this offering, created in favor of the holders of the notes or other series of notes under the indenture; |

| (3) | Li