KLA may repay credit facility with new notes

Chicago, Feb. 19 – KLA Corp. may use proceeds from a new offering of notes to repay amounts outstanding on the company’s credit agreement, according to a press release.

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

KLA develops and manufactures process-control and process-enabling solutions for electronic devices. The company is based in Milpitas, Calif.

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