Lam Research to repay revolver borrowings via note proceeds

By Marisa Wong

Los Angeles, April 30 – Lam Research Corp. plans to repay borrowings under its revolving credit facility using proceeds from a three-tranche offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Lam also plans to use proceeds from the new notes to redeem or repay its $800 million of 2.8% notes due June 15, 2021.

The semiconductor company is based in Fremont, Calif.

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