DEBT (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Summary of debt outstanding

Cadence’s outstanding debt was as follows:

	June 30, 2025						December 31, 2024
	(In thousands)
	Principal		Unamortized Discount and Issuance Costs		Carrying Value		Principal		Unamortized Discount and Issuance Costs		Carrying Value
2027 Notes	$	500,000	$	(2,645)	$	497,355	$	500,000	$	(3,206)	$	496,794
2029 Notes	1,000,000		(8,717)		991,283		1,000,000		(9,666)		990,334
2034 Notes	1,000,000		(10,493)		989,507		1,000,000		(10,945)		989,055
Total outstanding debt	$	2,500,000	$	(21,855)	$	2,478,145	$	2,500,000	$	(23,817)	$	2,476,183