Deals 06/21/2022

Loop Capital Markets as co-manager on $3 billion senior unsecured notes offering for KLA Corp.

On June 21, 2022, Loop Capital Markets served as a co-manager on a three-tranche, $3 billion senior unsecured notes offering for KLA Corp. The bonds are rated A2/A- across 10-, 30- and 40-year tranches.

Use of proceeds are earmarked to purchase all 2024 Notes that are validly tendered, and together with cash on hand, along with borrowings under the company’s revolving credit facility, to repurchase $3.0 billion in shares of common stock in privately negotiated transactions.