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AI brief of an SEC Form 8-K · Synopsys (SNPS)

Synopsys completes acquisition of Ansys and borrows $4.3 billion under term loan

Mixed Impact 5 of 5 m&a Written later

Synopsys completed its acquisition of Ansys on July 17, 2025, with Ansys becoming a wholly owned subsidiary. Ansys shareholders received 0.3399 Synopsys shares plus $199.91 in cash per share, and Synopsys funded the cash portion partly with a $4.3 billion term loan, which adds significant debt for shareholders to weigh.

Key points

  • Each Ansys share converted into 0.3399 Synopsys common share and $199.91 in cash, with the exchange ratio reduced to keep share issuance within 19.9999% of outstanding Synopsys shares.
  • Synopsys borrowed the full $4.3 billion available under its Term Loan Credit Agreement on July 17, 2025.
  • Synopsys terminated about $690 million in remaining bridge facility commitments, reducing bridge commitments to $0.
  • Ajei Gopal and Ravi Vijayaraghavan joined the Synopsys board effective at the Effective Time, and Ansys common stock will no longer be listed on NASDAQ.

The filing

CompanySynopsys (SNPS)
Form8-K, current report
Filed with the SECJul 17, 2025, 9:05 AM ET
Accession number0001140361-25-026139

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.