Synopsys, Inc. (NASDAQ: SNPS) today announced the execution of a commitment letter with a major financial institution for a senior 3-year unsecured revolving credit facility in the aggregate principal amount of $250 million. The financing is subject to customary closing conditions and completion of definitive documentation, but is not conditioned upon syndication.
Synopsys, Inc. is the world leader in electronic design automation (EDA) software for semiconductor design. The company delivers technology-leading IC design and verification platforms, and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at www.synopsys.com.
SOURCE: Synopsys, Inc.
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Web site: http://www.synopsys.com/