On July 3, 2025, KLA Corporation announced the entry into a new Credit Agreement with several financial institutions, enhancing its financial flexibility. The agreement was arranged with JPMorgan Chase Bank, N.A. as the Administrative Agent, alongside joint lead arrangers and bookrunners from BofA Securities, Inc., Citibank, N.A., and Wells Fargo Securities, LLC. The revolving loan facility, which includes a $150 million sublimit for letters of credit and a $15 million sublimit for swingline loans, allows for an increase of up to $500 million. This facility, expiring on July 3, 2030, is subject to two one-year extension options with lender consent. The proceeds are intended for general corporate purposes, including debt repayment. This new agreement led to the termination of the prior credit facility, under which no loans were outstanding.
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