KLA CORP (KLAC): debt financing — KLA replaces 2022 revolver with $1.5B 5-year sustainability-linked facility

KLA CORP

New $1.5B unsecured revolving credit facility matures July 3, 2030; replaces June 2022 facility.
Facility includes sustainability-linked pricing tied to greenhouse gas and renewable energy targets.
Interest spreads range from 0.625% to 1.00% over Term SOFR based on credit ratings.
Commitment fee ranges from 0.04% to 0.10% on undrawn amount; facility can be increased by up to $500M.
No revolving loans were outstanding under the prior facility at termination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

KLA CORP incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A., as Administrative Agent at Term SOFR plus a spread ranging from 0.625% to 1.00% maturing July 3, 2030.

Instrument: revolving credit
Principal: $1.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Rate: Term SOFR plus a spread ranging from 0.625% to 1.00%
Maturity: July 3, 2030
Event: incurrence

Exact text from the filing

The Credit Agreement provides for an unsecured five-year revolving credit facility in the aggregate principal amount of $1.5 billion

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Source: SEC EDGAR

accession 0001193125-25-156593

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