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DEBT (Tables)

6 Months Ended

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.

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