Latham Advises Cadence Design Systems on US$2.5 Billion Senior Notes Offering

Cadence Design Systems, Inc. (Nasdaq: CDNS) has announced it priced US$2.5 billion aggregate principal amount of senior notes, consisting of US$500 million aggregate principal amount of its 4.200% Senior Notes due 2027, US$1 billion aggregate principal amount of its 4.300% Senior Notes due 2029 and US$1 billion aggregate principal amount of its 4.700% Senior Notes due 2034.

Latham & Watkins LLP represents Cadence Design Systems in the offering with a team led by Bay Area partner Tad Freese and New York partner Salvatore Vanchieri, with associates Sofia Sitterson and Casey Tong. Advice was also provided on tax matters by Bay Area partner Grace Lee, with associates Jacob Meninga and Rasha Suleiman.