PTC INC. : Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)

Item 2.01Completion of Acquisition or Disposition of Assets

On April 29, 2022, PTC Inc., through PTC (SSI) Designated Activity Company, a subsidiary of PTC registered in Ireland ("PTC (SSI)"), completed its acquisition of all shares of Intland Software GmbH, a German limited liability company ("Intland Software"), and Eger Invest GmbH, a German limited liability company ("Eger Invest", and, together with Intland Software, "Intland"), pursuant to a Share Sale and Purchase Agreement (the "SPA") dated April 19, 2022 by and among (i) PTC (SSI), (ii) Intland Software, (iii) Eger Invest, (iv) Janos Rezso Koppány, (v) Zsolt Koppány, (vi) Szabolcs Koppány, (vii) Eger Software Holding UG (haftungsbeschränkt) & Co. KG, a German partnership, the terms of which are described in the Form 8-K filed by PTC on April 20, 2022 and which is filed as Exhibit 1.1 to that Form 8-K and incorporated by reference herein. PTC paid approximately $284 million for Intland after closing adjustments, $264 million of which PTC borrowed under its existing credit facility.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information disclosed in Item 2.01 above is incorporated herein by reference, as is the description of the terms of PTC's credit facility contained in PTC's Form 8-K filed on February 13, 2020.

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