The investment-grade notes are due 2027, 2029 and 2034

Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with the SEC-registered offering by Cadence Design Systems, Inc. of $500 million aggregate principal amount of its 4.200% notes due 2027, $1 billion aggregate principal amount of its 4.300% notes due 2029 and $1 billion aggregate principal amount of its 4.700% notes due 2034.

Cadence is a leading pioneer of electronic system design software and intellectual property, building upon more than 35 years of computational software expertise. Cadence is a global company that provides computational software, special-purpose computational hardware, intellectual property and services to multiple vertical sectors including automotive, artificial intelligence, aerospace and defense, high-performance and mobile computing, hyperscalers, wireless communication, industrial internet of things and life sciences.

The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Julia Molo and Jared Madnick. The tax team included counsel Christopher A. Baratta and associates Omar Hersi and Carter Ballentine Allison. The intellectual property team included partner Matthew J. Bacal and associates Joshua Shirley and Ted Talas. Members of the Davis Polk team are based in the Northern California and the New York offices.

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