KLA Corporation Announces Pricing of Tender Offer

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[{"type":"text","content":"MILPITAS, Calif., July 6, 2022 /PRNewswire/ -- KLA Corporation (\"KLA\") (NASDAQ: KLAC) today announced the Reference Yield and Total Consideration (each as summarized in the table below) to be paid in connection with 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\").\n\n \n \n \n \n \n \n\n \nKLA Corporation Announces Cash Tender Offer for 4.650% Senior Notes Due 2024The 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 Reference Yield for the Notes and the Total Consideration for the Notes are summarized in the table below:\nTitle of Notes\nCUSIP Number\nUST Reference Security\nFixed Spread (bps)\nReference Yield\nTotal Consideration(1)\n4.650% Senior Notes due 2024.............. \n482480 AE0\n2.50% UST due May 31, 2024\n+60\n2.812 %\n$1,024.50\n____________________\n(1)\nPer $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Date and accepted for purchase.\nThe Total Consideration for each $1,000 principal amount of Notes was determined in the manner described in the Offer to Purchase by reference to the fixed spread set forth in the table above plus the yield to maturity of the U.S. Treasury reference security (the \"UST Reference Security\") set forth in the table above on the bid-side price of such UST Reference Security as of 9:00 a.m., New York City time, on July 6, 2022.\nNotes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on July 5, 2022 (the \"Early Tender Date\") will be eligible to receive the Total Consideration, which includes the Early Tender Payment of $30 per $1,000 principal amount of Notes.\nKLA expects to accept for purchase and make payment for Notes validly tendered and not validly w...

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