KLA-Tencor to repay credit facility borrowings with new note proceeds

By Marisa Wong

Morgantown, W.Va., March 13 – KLA-Tencor Corp. announced it plans to partially refinance its debt, including borrowings under its existing credit agreement, using proceeds from an offering of senior notes.

Remaining proceeds from the new notes will be used to repurchase shares and for general corporate purposes, according to a press release.

Based in Milpitas, Calif., KLA-Tencor is a supplier of process control and yield management services for the semiconductor and related nanoelectronics industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.