Last $72.02 USD
Change Today -0.61 / -0.84%
Volume 478.2K
KLAC On Other Exchanges
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As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

kla-tencor corp (KLAC) Key Developments

KLA-Tencor Corporation Announces Redemption of $750.0 Million Outstanding Principal Amount of 6.900% Senior Notes Due 2018

KLA-Tencor Corporation announced that the company will redeem $750.0 million outstanding principal amount of the company's 6.900% senior notes due 2018 on December 19, 2014. The company has completed such redemption on the redemption date. In connection with such redemption, the company has discharged its obligations under the 2018 notes and the indenture, dated as of May 2, 2008, by and among the company and Wells Fargo Bank, National Association, as trustee. The redemption price is the sum of the present values of the remaining scheduled payments of principal and interest on the 2018 notes redeemed (exclusive of interest accrued to the redemption date), discounted to the redemption date on a semi-annual basis, at a rate equal to the sum of the treasury rate plus 50 basis points, plus the accrued and unpaid interest to, but not including, the redemption date. The company did not incur any additional early termination penalties in connection with such redemption.

KLA-Tencor Corporation(NasdaqGS:KLAC) added to S&P 500 Value Index

KLA-Tencor Corporation(NasdaqGS:KLAC) added to S&P 500 Value Index

KLA-Tencor Corporation Enters into $1.25 Billion Five-Year Senior Unsecured Revolving Credit and Term Loan Facility

KLA-Tencor Corporation announced that it has entered into a $1.25 billion five-year senior unsecured revolving credit and term loan facility under a Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. The Credit Facility consists of $750.0 million of amortizing term loans and commitments for an unfunded revolving credit facility of $500.0 million. Interest under the Credit Facility will be payable on the borrowed amounts at the London Interbank Offered Rate (LIBOR) plus 1.0% to 1.75%, depending on the Company's Ratings. The company is also obligated to pay an annual commitment fee ranging from 0.10% to 0.25%, depending on the Company's Ratings, on the daily undrawn balance of the Credit Facility. Any amounts outstanding under the Credit Facility will be due on November 14, 2019.

KLA-Tencor Corporation Closes Senior Notes Offering

KLA-Tencor Corporation announced the closing of its previously announced registered offering of $250,000,000 aggregate principal amount of its 2.375% Senior Notes due 2017, $250,000,000 aggregate principal amount of its 3.375% Senior Notes due 2019, $500,000,000 aggregate principal amount of its 4.125% Senior Notes due 2021, $1,250,000,000 aggregate principal amount of its 4.650% Senior Notes due 2024 and $250,000,000 aggregate principal amount of its 5.650% Senior Notes due 2034. As previously announced, KLA-Tencor intends to use the net proceeds from this offering, together with borrowings of $750.0 million under the amortizing term loans to be provided under a credit agreement that KLA-Tencor plans to enter concurrently with, or shortly after the completion of, this offering and cash on hand, to fund a special dividend to KLA-Tencor's stockholders of approximately $2.75 billion and subject to the closing of the credit facility, to redeem the $750.0 million outstanding principal amount of KLA-Tencor's 6.900% Senior Notes due 2018 as promptly as practicable following the completion of this offering and for other general corporate purposes, including repurchases of up to 16.6 million shares of KLA-Tencor's common stock pursuant to KLA-Tencor's stock repurchase program. KLA-Tencor expects the credit facility to consist of the $750.0 million of amortizing term loans described above, which will be drawn upon the closing of the credit facility, and commitments for an unfunded revolving credit facility of $500.0 million.

KLA-Tencor Corporation Declares Regular Cash Dividend for the Second Quarter of Fiscal Year 2015, Payable on December 1, 2014

KLA-Tencor Corporation announced that its board of directors has declared a quarterly cash dividend of $0.50 per share on its common stock payable on December 1, 2014 to its stockholders of record as of the close of business on November 17, 2014.

 

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