debt
confidence high
sentiment positive
materiality 0.80
KLA issues $3B in senior notes; plans $3B share repurchase and $500M tender offer
KLA CORP
- Issued $1B 4.65% notes due 2032, $1.2B 4.95% notes due 2052, $800M 5.25% notes due 2062; net ~$2.96B.
- Proceeds to fund $500M tender offer for 4.65% notes due 2024; remainder for $3B share repurchase.
- Underwriting with BofA, Citi, JPM; settlement expected June 23, 2022.
- Tender offer: up to $500M; early tender payment $30 per $1,000; early tender date July 5.