Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 37

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 37
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ure governing the notes does not contain any financial covenants. Despite our current level of indebtedness, we and our subsidiaries may incur substantially more debt. Increased leverage may harm our financial condition and results of operations. We and our subsidiaries may incur additional indebtedness in the future and the notes do not restrict the future incurrence of indebtedness. Any increase in our level of indebtedness will have several important effects on our future operations, including, without limitation:

| • | we and/or our subsidiaries will have additional cash requirements in order to support the payment of interest on our outstanding indebtedness; |

| • | increases in our outstanding indebtedness and leverage will increase our vulnerability to adverse changes in general economic and industry conditions, as well as to competitive pressure; and |

| • | our ability to obtain additional financing for working capital, capital expenditures, general corporate and other purposes may be limited. Our ability to make payments of principal and interest on our indebtedness depends upon our future performance, which will be subject to general economic conditions, industry cycles and financial, business and other factors affecting our consolidated operations, many of which are beyond our control. |

If we are unable to generate sufficient cash flow from operations in the future to service our debt, we may be required, among other things, to:

| • | seek additional financing in the debt or equity markets; |

| • | refinance or restructure all or a portion of our indebtedness, including the notes; |

| • | sell selected assets; |

| • | reduce or delay planned capital expenditures; or |

| • | reduce or delay planned operating and investment expenditures. |

Such measures might not be sufficient to enable us to service our debt. In addition, any such financing, refinancing or sale of assets might not be available on economically favorable terms, or at all. The terms of the notes will not protect you in the event of highly leveraged transactions or a change of control. The terms of the notes will not afford you protection in the event of certain highly leveraged transactions or a change of control that may adversely affect you unless such change of control also constitutes a Change of Control Triggering Event. As a result, we could enter into any such transaction even though the transaction could increase the total amount of our outstanding indebtedness, adversely affect our capital structure or credit rating or otherwise adversely affect the holders of the notes. If any such transaction were to occur, the value of your notes could decline. We may not be able to purchase all of the notes upon a Change of Control