other material
confidence high
sentiment neutral
materiality 0.85
KLA issues $3B in senior notes, launches $3B accelerated share repurchase
KLA CORP
- Issued $1.0B 4.650% notes due 2032, $1.2B 4.950% notes due 2052, $800M 5.250% notes due 2062.
- Net proceeds used to fund tender for 4.650% notes due 2024 and repurchase $3B of common stock via ASRs.
- Entered ASRs with Goldman Sachs and Citibank to repurchase $3B; initial delivery ~6,549,000 shares.
- Final settlement of ASRs scheduled in fiscal Q2 ending Dec 31, 2022; $3.233B repurchase authorization remaining.