KLA Corp.'s New Senior Unsecured Note Rated 'BBB+' - S&P Global Ratings’ Credit Research

KLA Corp.'s New Senior Unsecured Note Rated 'BBB+'

KLA Corp.'s New Senior Unsecured Note Rated 'BBB+' - S&P Global Ratings’ Credit Research
KLA Corp.'s New Senior Unsecured Note Rated 'BBB+'
Published Feb 19, 2020
2 pages (1132 words) — Published Feb 19, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) Feb. 19, 2020--S&P Global Ratings today assigned its 'BBB+' issue-level rating to Milpitas, Calif.-based semiconductor equipment manufacturer KLA Corp.'s new senior unsecured note. The company will use the net proceeds for general corporate purposes, including to refinance debt maturing in 2021 and repay outstanding borrowings under its revolving credit facility. We rate the new note the same our long-term issuer credit rating on KLA. All of our other ratings on the company are unchanged. For more detail, see our most recent research update on KLA, published Feb. 13, 2020. General Criteria: Group Rating Methodology, July 1, 2019 Criteria Corporates General: Corporate Methodology: Ratios And Adjustments, April 1, 2019 Criteria Corporates General:

  
Brief Excerpt:

...February 19, 2020 SAN FRANCISCO (S&P Global Ratings) Feb. 19, 2020--S&P Global Ratings today assigned its '###+' issue-level rating to Milpitas, Calif.-based semiconductor equipment manufacturer KLA Corp.'s new senior unsecured note. The company will use the net proceeds for general corporate purposes, including to refinance debt maturing in 2021 and repay outstanding borrowings under its revolving credit facility. We rate the new note the same our long-term issuer credit rating on KLA. All of our other ratings on the company are unchanged. For more detail, see our most recent research update on KLA, published Feb. 13, 2020....

  
Report Type:

Ratings Action

Ticker
KLAC
Issuer
KLA Corp.
GICS
Semiconductor Equipment (45301010)
Sector
Global Issuers
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "KLA Corp.'s New Senior Unsecured Note Rated 'BBB+'" Feb 19, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/KLA-Corp-s-New-Senior-Unsecured-Note-Rated-BBB-2384743>
  
APA:
S&P Global Ratings’ Credit Research. (). KLA Corp.'s New Senior Unsecured Note Rated 'BBB+' Feb 19, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/KLA-Corp-s-New-Senior-Unsecured-Note-Rated-BBB-2384743>
  
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