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KLA will redeem $500 million 4.125% notes due 2021
Chicago, Feb. 19 – KLA Corp. plans to redeem the company’s $500 million 4.125% senior notes due 2021 with proceeds from a new offering of senior notes, according to a press release.
Remaining proceeds will be used for general corporate purposes and possible repayment under KLA’s credit facility.
KLA develops and manufactures process-control and process-enabling solutions for electronic devices. The company is based in Milpitas, Calif.
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