MILPITAS, Calif., Feb. 19, 2020 /PRNewswire/ -- KLA
Corporation (NASDAQ: KLAC) today announced that it intends to
offer, subject to market and other conditions, senior notes under
an automatic shelf registration statement on file with the
Securities and Exchange Commission (SEC).
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KLA intends to use approximately $523.6
million of the net proceeds of the offering to redeem
$500.0 million in aggregate principal
amount of its 4.125% senior notes due 2021, and the remaining net
proceeds for general corporate purposes, which may include
repayment of amounts outstanding under KLA's credit agreement.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells
Fargo Securities, LLC, BofA Securities, Inc., MUFG Securities
Americas Inc., and SunTrust Robinson Humphrey, Inc. are acting as
joint book-running managers of the offering.
KLA has filed an effective registration statement (including a
preliminary prospectus supplement and accompanying base prospectus)
with the SEC for the offering to which this communication relates.
Before you invest, you should read the effective registration
statement (including the preliminary prospectus supplement and
accompanying base prospectus) for more complete information about
KLA and this offering. You may obtain copies of these documents
free of charge by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may be obtained from Citigroup Global Markets
Inc. at: Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146;
prospectus@citi.com, J.P. Morgan Securities LLC at: 383 Madison
Avenue, New York, NY 10179, Attn:
Investment Grade Syndicate Desk-3rd Floor or by calling collect at
(212) 834-4533, Wells Fargo Securities, LLC at: 608 2nd Avenue
South, Suite 1000, Minneapolis, MN
55402, Attn: WFS Customer Service, Email:
wfscustomerservice@wellsfargo.com, Toll-Free: 1-800-645-3751, BofA
Securities, Inc. at: 200 North College Street, 3rd Floor,
Charlotte, NC 28255, Attn:
Prospectus Department, Email: dg.prospectus_requests@bofa.com,
Toll-Free: 1-800-294-1322, MUFG Securities Americas Inc. at: 1221
Avenue of the Americas, 6th Floor, New
York, NY 10020, Attn: Capital Markets Group, Phone:
877-649-6848, or SunTrust Robinson Humphrey, Inc. at: 303 Peachtree
Street, Atlanta, GA 30308, Email:
STRHdocs@SunTrust.com, Phone: 800-685-4786.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities, in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
Forward-Looking Statements:
Statements in this press release other than historical facts,
such as statements regarding KLA's intention to offer, subject to
market and other conditions, senior notes and the anticipated use
of proceeds thereof, are forward-looking statements, and are
subject to the Safe Harbor provisions created by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on current information and expectations, and
involve a number of risks and uncertainties. Actual results may
differ materially from those projected in such statements due to
various factors, including but not limited to those identified in
KLA's Quarterly Report on Form 10-Q for the quarter ended
Dec. 31, 2019, and other filings with
the SEC (including, but not limited to, the risk factors described
therein). KLA assumes no obligation to, and does not currently
intend to, update these forward-looking statements.
About KLA:
KLA develops industry-leading equipment and services that enable
innovation throughout the electronics industry. We provide advanced
process control and process-enabling solutions for manufacturing
wafers and reticles, integrated circuits, packaging, printed
circuit boards and flat panel displays. In close collaboration with
leading customers across the globe, our expert teams of physicists,
engineers, data scientists and problem-solvers design solutions
that move the world forward. Additional information may be found at
www.kla.com (KLAC-F).
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SOURCE KLA Corporation