Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 54

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 54
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, 2030 notes and 2032 notes (the “Special Mandatory Redemption”), at a redemption price equal to 101% of the aggregate principal amount of the 2027 notes, 2028 notes, 2030 notes and 2032 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 2027 notes, 2028 notes, 2030 notes and 2032 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 2027 notes, 2028 notes, 2030 notes and 2032 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 2027 notes, 2028 notes, 2030 notes and 2032 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 2027 notes, 2028 notes, 2030 notes and 2032 notes.

On or before the Special Mandatory Redemption Date, Synopsys will pay to a paying agent for payment to each holder of the 2027 notes, 2028 notes, 2030 notes and 2032 notes the applicable Special Mandatory Redemption Price for such holder’s 2027 notes, 202