11:34 AM EDT, 08/15/2024 (MT Newswires) -- Cadence Design Systems ( CDNS ) said Thursday it entered into a $1.25 billion five-year senior unsecured revolving credit facility, replacing its existing revolver from 2021.

The company may use proceeds from the new facility for working capital, capital expenditures and other general corporate purposes, according to a filing with the US Securities and Exchange Commission.

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