KLA Corporation Announces Early Results of Previously Announced Cash Tender Offer

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[{"type":"text","content":"MILPITAS, Calif., July 6, 2022 /PRNewswire/ -- KLA Corporation (\"KLA\") (NASDAQ: KLAC) today announced the early results of the previously announced cash tender offer (the \"Tender Offer\") for up to $500,000,000 aggregate principal amount (the \"Maximum Amount\") of its 4.650% Senior Notes due 2024 (\"Notes\").\nhttps://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg\nThe Maximum Amount represents the aggregate principal amount of Notes subject to the Tender Offer and excludes any Accrued Interest or Early Tender Payment (each as defined below). The Tender Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 21, 2022 (as amended or supplemented from time to time, the \"Offer to Purchase\"), which sets forth a detailed description of the Tender Offer. The Tender Offer is open to all registered holders (individually, a \"Holder\" and collectively, the \"Holders\") of Notes.\nThe early results of the Tender Offer are summarized in the table below:\nTitle of Notes\nCUSIPNumber\nEarly TenderPayment(1)\nPrincipal AmountOutstanding\nPrincipal AmountTendered\nPrincipal Amount Expected to be Accepted for Purchase(2)\n4.650% Senior Notes due 2024.......................... \n482480 AE0\n$30.00\n$1,250,000,000\n$705,822,000\n$500,000,000\n____________________\n(1)\nPer $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Date and accepted for purchase.\n(2)\nAfter application of proration.\nThe consideration to be paid in the Tender Offer for Notes validly tendered and expected to be accepted for purchase as described in the Offer to Purchase (the \"Total Consideration\") will be determined at 9:00 a.m., New York City time, on July 6, 2022.\nAs of 5:00 p.m., New York City time, on July 5, 2022 (the \"Early Tender Date\"), as reported by D.F. King & Co., Inc., the Tender and Information Agent for the Tender Offer, the principal amount of Notes listed in the table above have been validly tendered and not validly withdrawn. The Withdrawal Deadline (as defined in the Offer to Purchase) of 5:00 p.m., New York City time, on July 5, 2022 has passed and, accordingly, Notes validly tendered in the Tender Offer may no longer be withdrawn. \nKLA expects to accept for purchase and make payment for Notes validly tendered and not validly withdrawn at or pri...

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