KLA Corp.'s New Senior Unsecured Notes Rated 'A-'

NEW YORK (S&P Global Ratings) Jan. 30, 2024--S&P Global Ratings today assigned its 'A-' issue-level rating to Milpitas, CA-based semi cap equipment KLA Corp.'s new senior unsecured notes. The company will use the net proceeds for general corporate purposes, including repayment of existing debt. All of our other ratings on the company and its debt, including our 'A-' long-term issuer credit rating and stable outlook, are unchanged. Our rating and outlook on KLA is based on our expectation that the firm will sustain its strong market position in the process control and yield management segments of the semiconductor capital equipment industry. We also expect KLA to maintain a conservative financial policy including adjusted net leverage below 1.5x. For more details,

...January 30, 2024 NEW YORK (S&P Global Ratings) Jan. 30, 2024--S&P Global Ratings today assigned its 'A-' issue-level rating to Milpitas, CA-based semi cap equipment KLA Corp.'s new senior unsecured notes. The company will use the net proceeds for general corporate purposes, including repayment of existing debt. All of our other ratings on the company and its debt, including our 'A-' long-term issuer credit rating and stable outlook, are unchanged. Our rating and outlook on KLA is based on our expectation that the firm will sustain its strong market position in the process control and yield management segments of the semiconductor capital equipment industry. We also expect KLA to maintain a conservative financial policy including adjusted net leverage below 1.5x. For more details, see our most recent full analysis on KLA, published Jun. 8, 2023....

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