KLA entered into a Credit Agreement on July 3, 2025, which provides an unsecured 5-year revolving credit facility with a principal amount of $1.5 billion and replaces the credit agreement for its existing facility dated June 8, 2022.

1. 01

   KLA entered into a Credit Agreement on July 3, 2025, which provides an unsecured 5-year revolving credit facility with a principal amount of $1.5 billion and replaces the credit agreement for its existing facility dated June 8, 2022.

2. 02

   The company said the facility includes a letter of credit sublimit of $150.0 million and a swingline loan sublimit of $15.0 million, can be increased by up to $500.0 million in total, and has two 1-year extension options, with expiry on July 3, 2030.

3. 03

   KLA said Term SOFR loans carry a spread of 0.625% to 1.00%, ABR loans carry a spread of 0.00%, and it pays a facility fee of 0.040% to 0.100% on the undrawn amount. It added that interest rates and fees are adjusted depending on whether it meets targets for greenhouse gas emissions and renewable energy use.

4. 04

   The company said it terminated all revolving loan commitments under its existing facility on July 3, 2025, and no revolving loans were outstanding at that time. It also said the new agreement includes a financial covenant requiring it to maintain a maximum leverage ratio.

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