Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 16

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 16
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-controlled systems. |

| • | Digital Twin: The Ansys Twin Builder® product allows customers to implement complete virtual prototypes of real-world systems. |

| • | Autonomous Vehicle Simulation: Ansys’ autonomous vehicle simulation solutions are designed specifically to support development, testing and validation of safe automated driving and advanced driver-assistance systems (“ADAS”) technologies. |

| • | Academic: Ansys bundles its commercial software by physics area and work with universities to utilize our software in teaching and research. |

| • | Platform: Ansys’ platform is the framework upon which its suite of advanced multiphysics engineering simulation technologies is built, allowing engineers and designers to incorporate the compounding effects of multiple physics into a virtual prototype of their design and simulate operations under real-world conditions. |

Financing Transactions Overview The Ansys Merger and related transaction fees and expenses will be financed by a mix of cash on hand, proceeds from this offering, and borrowings under the Term Loan Credit Agreement and the Bridge Commitment (if applicable). As described in more detail below, these financing transactions are expected to occur, or have occurred, in connection with the Ansys Merger. Bridge Commitment Letter On January 15, 2024, we entered into a commitment letter (the “Bridge Commitment Letter”) with certain financial institutions that committed to provide, subject to the satisfaction of customary closing conditions, a senior unsecured bridge facility (the “Bridge Commitment”). The Bridge Commitment currently provides for an aggregate principal amount of up to $10.6 billion in senior unsecured term loans. The proceeds of any borrowing under the Bridge Commitment will be used for the purpose of financing a portion of the cash consideration to be paid in the Ansys Merger and paying related fees and expenses in connection with the Ansys Merger and the other transactions contemplated by the Merger Agreement. The commitments to provide the Bridge Commitment may be terminated in whole or reduced in part, at our discretion. In addition, the Bridge Commitment Letter provides that net cash proceeds received from certain debt and equity issuances, including the issuance of the notes, or the sale of certain businesses and assets, as well as term loan commitments under certain qualifying term loan facilities, will result in mandatory commitment reductions under the Bridge Commitment.

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TABLE OF CONTENTS

Term Loan Credit Agreement On February 13, 2024, we entered into a credit agreement (the “Term Loan Credit Agreement”) in connection with the financing of the pending Ansys Merger. The Term Loan Credit