financetom
Business
financetom
/
Business
/
Synopsys prepares about $10 billion bond sale to finance Ansys deal, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Synopsys prepares about $10 billion bond sale to finance Ansys deal, Bloomberg News reports
Feb 28, 2025 2:47 PM

(Reuters) - Synopsys ( SNPS ) is looking to sell about $10 billion of bonds as soon as next week to help finance its acquisition of software maker Ansys ( ANSS ), Bloomberg News reported on Friday, citing people with knowledge of the matter.

The company asked Bank of America, HSBC Holdings and JPMorgan Chase to organise a series of fixed-income investor calls on Friday, the report stated, citing a different source.

Synopsys ( SNPS ), JPMorgan and HSBC did not immediately respond to Reuters' requests for comment, while Bank of America declined to comment.

Synopsys ( SNPS ) received approval for its $35 billion deal with Ansys ( ANSS ) in the European Union (EU) last month.

To alleviate competition concerns arising from the deal, the EU said that both companies have agreed to divest Synopsys' ( SNPS ) optics and photonics software and Ansys' ( ANSS ) PowerArtist software.

The company has begun discussions with Chinese regulators about the deal, Synopsys ( SNPS ) Chief Executive Sassine Ghazi told Reuters on Wednesday.

The acquisition, announced in January last year, would see Synopsys ( SNPS ) take over Ansys ( ANSS ), a maker of software used in the creation of a diverse range of products, including airplanes and tennis rackets used by players such as Novak Djokovic.

The potential bond sale comes after Synopsys ( SNPS ) issued a robust revenue forecast for the second quarter on Wednesday, on the back of growing demand for its software used in designing chips.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved