KLA-Tencor markets two tranches of fixed-rate senior notes

By Cristal Cody

Tupelo, Miss., March 13 – KLA-Tencor Corp. plans to price a two-part offering of senior notes (Baa1/BBB), according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.

The deal includes notes due 2029 and notes due 2049.

J.P. Morgan Securities LLC is the active bookrunner.

BofA Merrill Lynch, Citigroup Global Markets Inc., MUFG and Wells Fargo Securities, LLC are joint bookrunners.

Proceeds will be used to partially refinance existing debt.

The company announced on Jan. 10 that it intends to change its name to KLA Corp. effective in July 2019.

KLA-Tencor is a Milpitas, Calif.-based semiconductor equipment developer.

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