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Moody's assigns Lam Research notes A3
Moody's Investors Service said it assigned an A3 senior unsecured rating to Lam Research Corp.'s proposed debt offering.
Proceeds will be used to repay $1.25 billion of revolving credit borrowings and to prefund the company's $800 million debt maturity in June 2021.
Moody’s rates Lam at A3.
The outlook is unchanged at stable.
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