secwatch.observer — SEC 8-K summary
======================================

Issuer:     KLA CORP (KLAC)
CIK:        0000319201
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001193125-22-181527
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KLA issues $3B in senior notes, launches $3B accelerated share repurchase
-------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319201/000119312522181527/0001193125-22-181527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319201/000119312522181527/d314553d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-181527

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer