KLA Corp Reports Material Agreement & Financial Obligation
Ticker: KLAC · Form: 8-K · Filed: 2024-02-01T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, debt, financial-obligation
TL;DR
**KLA just signed a big deal and took on new debt, but the filing's light on details.**
AI Summary
KLA Corporation filed an 8-K on February 1, 2024, reporting events that occurred on January 30, 2024, related to entering a material definitive agreement and creating a direct financial obligation. While the filing indicates these significant events, it does not provide specific details about the nature of the agreement or the financial obligation. This matters to investors because without specifics, it's impossible to assess the potential positive or negative impact of these new commitments on KLA's financial health and future prospects.
Why It Matters
This filing signals KLA has taken on new significant commitments, but the lack of detail means investors can't evaluate the financial implications or potential risks.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which are significant events, but the absence of specific details creates uncertainty and potential risk for investors.
Analyst Insight
A smart investor would await further disclosures from KLA Corporation regarding the specifics of the material definitive agreement and the direct financial obligation to properly assess their impact before making investment decisions.
Key Players & Entities
- KLA Corporation (company) — the registrant filing the 8-K
- January 30, 2024 (date) — date of the earliest event reported
- February 1, 2024 (date) — date the 8-K was filed
- 000-09992 (other) — KLA's Commission File Number
- Delaware (other) — State of incorporation for KLA Corporation
FAQ
What specific material definitive agreement did KLA Corporation enter into?
The 8-K filing, specifically under Item 1.01, states 'Entry into a Material Definitive Agreement' but does not provide any details about the nature, parties, or terms of this agreement.
What is the nature and amount of the direct financial obligation KLA Corporation created?
The filing, under Item 2.03, indicates 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' but does not specify the type, amount, or terms of this obligation.
When did the events reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 30, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is KLA Corporation's business address and phone number?
KLA Corporation's business address is One Technology Drive, Milpitas, California 95035, and its telephone number is (408) 875-3000, according to the filing's header information.
What is KLA Corporation's state of incorporation and IRS Employer Identification Number?
KLA Corporation is incorporated in Delaware and its I.R.S. Employer Identification No. is 04-2564110, as detailed in the filing.
Filing Stats: 1,623 words · 6 min read · ~5 pages · Grade level 11.4 · Accepted 2024-02-01 16:11:04
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share KLAC The Nasdaq
- $500,000,000 — KLA Corporation (the "Company") issued $500,000,000 aggregate principal amount of its 4.700
- $250,000,000 — r Notes due 2034 (the "2034 Notes") and $250,000,000 aggregate principal amount of its 4.950
- $1,200,000,000 — 4.950% Senior Notes due 2052, of which $1,200,000,000 aggregate principal amount was issued o
- $1,450,000,000 — ance of the 2052 Notes, the Company has $1,450,000,000 aggregate principal amount of 4.950% Se
Filing Documents
- d723684d8k.htm (8-K) — 37KB
- d723684dex11.htm (EX-1.1) — 204KB
- d723684dex42.htm (EX-4.2) — 73KB
- d723684dex51.htm (EX-5.1) — 16KB
- g723684g0131211739228.jpg (GRAPHIC) — 1KB
- g723684g0131211739547.jpg (GRAPHIC) — 3KB
- 0001193125-24-021853.txt ( ) — 527KB
- klac-20240130.xsd (EX-101.SCH) — 3KB
- klac-20240130_lab.xml (EX-101.LAB) — 17KB
- klac-20240130_pre.xml (EX-101.PRE) — 11KB
- d723684d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed herewith. Exhibit No. Description 1.1 Underwriting Agreement, dated as of January 30, 2024, among the Company and Citigroup Global Markets Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several Underwriters named therein 4.1 Indenture, dated as of June 23, 2022, by and between the Company and U.S. Bank Trust Company, National Association, as trustee (filed as Exhibit 4.1 to the Company's Current Report on Form 8-K, dated June 24, 2022, incorporated by reference herein) 4.2 Officer's Certificate, dated February 1, 2024, including the form of the Company's 4.700% Senior Notes due 2034 4.3 Officer's Certificate, dated June 23, 2022, including the form of the Company's 4.950% Senior Notes due 2052 (filed as Exhibit 4.2 to the Company's Current Report on Form 8-K, dated June 24, 2022, incorporated by reference herein) 5.1 Opinion of Latham & Watkins LLP 23.1 Consent of Latham & Watkins LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KLA CORPORATION Date: February 1, 2024 By: /s/ Bren D. Higgins Name: Bren D. Higgins Title: Executive Vice President and Chief Financial Officer