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The latest announcement is out from Cadence Design ( (CDNS) ).
Cadence Design Systems, Inc. successfully completed a $2.5 billion public offering of senior notes on September 10, 2024. The offering included three tranches of notes with varying interest rates and maturities: $500 million at 4.200% due in 2027, $1 billion at 4.300% due in 2029, and $1 billion at 4.700% due in 2034. The company used the proceeds to pay off existing debts and terminated the related loan agreements. The notes, which are unsecured senior obligations, allow for optional redemption by the company before maturity, with certain conditions, and include covenants that restrict the company’s ability to engage in specific transactions.
Find detailed analytics on CDNS stock on TipRanks’ Stock Analysis page.