Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 62

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 62
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ens securing our Indebtedness which are incurred to extend, renew or refinance Indebtedness which is secured by Liens permitted to be incurred under the indenture (including Permitted Liens) so long as such Liens are limited to all or part of substantially the same Principal Property which secured the Liens extended, renewed or replaced and the amount of Indebtedness secured is not increased (other than by the amount equal to any costs and expenses (including any premiums, fees or penalties) incurred in connection with any extension, renewal or refinancing); and |

| (4) | Permitted Liens. |

Notwithstanding the foregoing, we and/or our Restricted Subsidiaries may, without securing the notes, create or incur Liens which would otherwise be subject to the restrictions set forth in the preceding paragraph, if after giving effect thereto, Aggregate Debt does not exceed the greater of (a) 15% of our Consolidated Total Assets calculated as of the date of creation or incurrence of the Lien and (b) $500 million. Limitation on Sale and Lease-Back Transactions Synopsys will not, and will not permit any of its Restricted Subsidiaries to, enter into any sale and lease-back transaction for the sale and leasing back of any Principal Property, whether now owned or hereafter acquired, unless:

| (1) | such transaction was entered into prior to the issuance of the notes; |

| (2) | such transaction was for the sale and leasing back to us or any of our Subsidiaries of any Principal Property by us or one of our Subsidiaries; |

| (3) | such transaction involves a lease for less than three years; |

| (4) | we would be entitled to incur Indebtedness secured by a mortgage on the Principal Property to be leased in an amount equal to the Attributable Liens with respect to such sale and lease-back transaction without equally and ratably securing the notes pursuant to the first paragraph of “— Limitation on Liens” above; or |

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| (5) | we apply an amount equal to the fair value of the Principal Property (as determined by Synopsys’ board of directors in good faith) sold to the purchase of Property or to the retirement of our long-term Indebtedness that ispari passuwith the notes (including the notes) within 365 days of the effective date of any such sale and