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Synopsys prepares about $10 billion bond sale to finance Ansys deal, Bloomberg News reports
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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.

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