Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 52

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 52
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ation of the Ansys Merger (any such event, a “Special Mandatory Redemption Event”), then Synopsys will be required to redeem all outstanding 20  notes, 20  notes, 20  notes and 20  notes (the “Special Mandatory Redemption”), at a redemption price equal to 101% of the aggregate 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 (as defined herein) (subject to the right of holders of such notes of record on the relevant record date to receive interest due on an interest payment date falling prior to the Special Mandatory Redemption Date) (the “Special Mandatory Redemption Price”). Unless Synopsys defaults in payment of the Special Mandatory Redemption Price, on and after such Special Mandatory Redemption Date, interest will cease to accrue on the notes to be redeemed.

In the event that Synopsys becomes obligated to redeem the 20  notes, 20  notes, 20  notes and 20  notes pursuant to the Special Mandatory Redemption, Synopsys will promptly, and in any event not more than 10 business days after the Special Mandatory Redemption Event, deliver notice to the trustee of the Special Mandatory Redemption and the date upon which the 20  notes, 20  notes, 20  notes and 20  notes will be redeemed (the “Special Mandatory Redemption Date”), which date shall be no later than the tenth business day following the date of such notice to the trustee unless some longer minimum period may be required by DTC (or any successor depositary), together with a notice of Special Mandatory Redemption for the trustee to deliver to each registered holder of the 20  notes, 20  notes, 20  notes and 20  notes, which notice shall be provided to the trustee with sufficient time to allow the trustee to deliver such notice to holders at least 10 days prior to the Special Mandatory Redemption Date (which is understood to mean at least one business day prior to the date on which the notice must be sent). The trustee will then reasonably promptly mail or electronically deliver (or otherwise transmit in accordance with the depositary’s procedures) such notice of Special Mandatory Redemption to each registered holder of the 20  notes, 20  notes, 20   notes and 20