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v3.24.2

DEBT (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Summary of debt outstanding | Cadence’s outstanding debt was as follows:
| June 30, 2024 |  | December 31, 2023
| (In thousands)
| Principal |  | Unamortized Discount |  | Carrying Value |  | Principal |  | Unamortized Discount |  | Carrying Value
2024 Notes | 350,000 |  |  | (268) |  |  | 349,732 |  |  | 350,000 |  |  | (715) |  |  | 349,285 |
2025 Term Loan | 300,000 |  |  | (161) |  |  | 299,839 |  |  | 300,000 |  |  | (229) |  |  | 299,771 |
2026 Term Loan | 700,000 |  |  | (904) |  |  | 699,096 |  |  | — |  |  | — |  |  | — |
Total outstanding debt | $ | 1,350,000 |  |  | $ | (1,333) |  |  | $ | 1,348,667 |  |  | $ | 650,000 |  |  | $ | (944) |  |  | $ | 649,056 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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