KLA plans to sell fixed-rate senior notes via six bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 19 – KLA Corp. intends to price fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Securities, Inc., MUFG and SunTrust Robinson Humphrey Inc. are the bookrunners.

Proceeds will be used to redeem $500 million of the company’s 4.125% senior notes due 2021 and for general corporate purposes.

Based in Milpitas, Calif., KLA develops equipment and services for the electronics industry.

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