KLA Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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3 Months Ended

Sep. 30, 2015

债务披露[摘要]

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注6 - 债务

下表总结了公司的债务beplay官网ued September 30, 2015 和 2015年6月30日 :



	截至2015年9月30日					作为2015年6月30日
	数量 (in thousands)			Effective 利率		数量 (in thousands)			Effective 利率
Fixed-rate 2.375% Senior notes due on November 1, 2017	$	250,000		2.396	%	$	250,000		2.396	%
Fixed-rate 3.375% Senior notes due on November 1, 2019	250,000			3.377	%	250,000			3.377	%
Fixed-rate 4.125% Senior notes due on November 1, 2021	500,000			4.128	%	500,000			4.128	%
Fixed-rate 4.650% Senior notes due on November 1, 2024 ⁽¹⁾	1,250,000			4.682	%	1,250,000			4.682	%
固定利率5.650％高级票据于2034年11月1日到期	250,000			5.670	%	250,000			5.670	%
Term loans	671,250					711,250
总债务	3,171,250					3,211,250
未损坏的折扣	（3,621		)			（3,723		)
未损坏的债务发行费用	(16,583		)			（17,111		)
总债务	$	3,151,046				$	3,190,416

报告为：
当前的长期债务	$	—				$	16,981
长期债务	3,151,046					3,173,435
总债务	$	3,151,046				$	3,190,416

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(1)	The effective interest rate disclosed above for this series of Senior Notes excludes the impact of the treasury rate lock hedge discussed below. The effective interest rate including the impact of the treasury rate lock hedge was 4.626% .

作为 September 30, 2015 ，将未来的长期债务本金付款总结如下。对于截至2016财政年度，自公司支付以来，没有计划付款beplay官网ued 5060万美元截至一词贷款的主要预付款 September 30, 2015 .



截至6月30日的财政年度：	数量（成千上万个）
2016年（剩余9个月）	$	—
2017年（剩余6个月的预定付款）	24,375
2018	315,625
2019	75,000
2020	756,250
Thereafter	2,000,000
Total payments	$	3,171,250

高级笔记：

2014年11月，公司发行了beplay官网ued $2.50 billion 高级，无抵押长期票据的总本金（共同称为“高级票据”）。本公司发beplay官网ued行了高级票据作为杠杆回归计划的一部分，根据该计划的一部分，该计划与高级票据的收益以及贷款一词（如下所述）的收益（X）一起用于资助特殊现金股息（x） $ 16.50 每股，汇总至大约 27.6亿美元，（y）赎回 7.5亿美元的 2018 高级票据，包括相关的赎回保费，应计利息和其他费用和费用以及（z）出于其他公司目的，包括根据公司股票回购计划的股票回购。beplay官网uedThe interest rate specified for each series of the Senior Notes will be subject to adjustments from time to time if Moody’s Investor Service, Inc. (“Moody’s”) or Standard & Poor’s Ratings Services (“S&P”) or, under certain circumstances, a substitute rating agency selected by us as a replacement for Moody’s or S&P, as the case may be (a “Substitute Rating Agency”), downgrades (or subsequently upgrades) its rating assigned to the respective series of Senior Notes such that the adjusted rating is below investment grade. If the adjusted rating of any series of Senior Notes from Moody’s (or, if applicable, any Substitute Rating Agency) is decreased to Ba1, Ba2, Ba3 or B1 or below, the stated interest rate on such series of Senior Notes as noted above will increase by 25 bps , 50 bps , 75 bps 或者 100 bps ，分别（“ BPS”是指基点，1％等于 100 bps ）。如果S＆P（或（如果适用）对此类高级票据的任何替代评级机构的任何一系列高级票据的评级都会减少到BB+，BB，BB，BB-或B+或以下，则此类既定利率如上所述的一系列高级笔记将增加 25 bps , 50 bps , 75 bps 或者 100 bps ，分别。The interest rates on any series of Senior Notes will permanently cease to be subject to any adjustment (notwithstanding any subsequent decrease in the ratings by any of Moody’s, S&P and, if applicable, any Substitute Rating Agency) if such series of Senior Notes becomes rated “Baa1” (or its equivalent) or higher by Moody’s (or, if applicable, any Substitute Rating Agency) and “BBB+” (or its equivalent) or higher by S&P (or, if applicable, any Substitute Rating Agency), or one of those ratings if rated by only one of Moody’s, S&P and, if applicable, any Substitute Rating Agency, in each case with a stable or positive outlook. In October 2014, the Company entered into a series of forward contracts to lock the 10-year treasury rate (“benchmark rate”) on a portion of the Senior Notes with a notional amount of $1.00 billion 合计。有关其他详细信息，请参阅注释14，“衍生工具和对冲活动”。

高级票据的原始折扣总计 $4.0 million 并在债务的生活中被摊销。利息是应付的 semi-annually on May 1 and November 1 of each year. The debt indenture (the “Indenture”) includes covenants that limit the Company’s ability to grant liens on its facilities and enter into sale and leaseback transactions, subject to certain allowances under which certain sale and leaseback transactions are not restricted. As of September 30, 2015 ，该公司符合beplay官网ued与高级票据相关的契约下的所有盟约。

In certain circumstances involving a change of control followed by a downgrade of the rating of a series of Senior Notes by at least two of Moody’s, S&P and Fitch Inc., unless the Company has exercised its right to redeem the Senior Notes of such series, the Company will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s Senior Notes of that series pursuant to the offer described below (the “Change of Control Offer”). In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% 的the aggregate principal amount of Senior Notes repurchased plus accrued and unpaid interest, if any, on the Senior Notes repurchased, up to, but not including, the date of repurchase.

Based on the trading prices of the Senior Notes on the applicable dates, the fair value of the Senior Notes as of September 30, 2015 和 2015年6月30日大约是 25.2亿美元，分别。尽管高级票据以成本记录，但长期债务的公允价值是根据不活跃的市场的引用价格确定的；因此，出于公允价值衡量层次结构的目的，长期债务被归类为2级。

信贷额度（定期贷款和无资金的循环信贷设施）：

2014年11月，该公司进入beplay官网ued 7.5亿美元的 five - 年级高级无抵押预付期限贷款和 5亿美元 unfunded revolving credit facility (collectively, the “Credit Facility”) under the Credit Agreement (the “Credit Agreement”). The interest under the Credit Facility will be payable on the borrowed amounts at the London Interbank Offered Rate (“LIBOR”) plus a spread, which is currently 125 bps ，这一差异与公司的信用评级降级或升级有关。beplay官网ued传播范围从 100 bps to 175 bps 基于当时有效的信用等级。该公司还beplay官网ued有义务支付年度承诺费 15桶在循环信贷额度的每日余额中，这也可以通过Moody's和S＆P的降级或升级的信用评级降级或升级。beplay官网ued年度承诺费范围从 10 bps to 25 bps 根据当时有效的信用评级，循环信贷额度的每日余额。关于该任期贷款的本金付款将在每个日历季度的最后一天进行，并且包括应计利息在内的任何未付贷款的本金余额应在2019年11月14日（“成熟日期”）支付。公司可以beplay官网ued随时预付贷款和无资金的循环信贷额度，而无需预付款罚款。在第一季度的第一季度结束 September 30, 2015 ，公司预付的beplay官网ued其他本金 $ 4000万美元对于一词贷款。

公司定期贷款的未来本金付款（无效beplay官网ued 5060万美元的principal prepayments as of September 30, 2015 that shall be applied to the future scheduled quarterly payments) as of September 30, 2015 , are as follows:



财政区域结束	季度付款 (in thousands)
September 30, 2015 through December 31, 2016	$	9,375
March 31, 2017 through December 31, 2017	$	14,063
March 31, 2018 through September 30, 2019	$	18,750
2019年12月31日	$	487,500

The Credit Facility requires the Company to maintain an interest expense coverage ratio as described in the Credit Agreement, on a quarterly basis, covering the trailing 四个 consecutive fiscal quarters of no less than 3.50 至1.00。此外，公司必须按季度维持信用协议中beplay官网ued所述的最大杠杆比率，涵盖尾声四个 consecutive fiscal quarters for the fiscal quarters as described below.



财政区域结束		Maximum Leverage Ratio
September 30, 2015 and December 31, 2015		4.00：1.00
2016年3月31日至2016年9月30日		3.75:1.00
December 31, 2016 and March 31, 2017		3.50：1.00
Thereafter		3.00：1.00

The Company was in compliance with the financial covenants under the Credit Agreement as of September 30, 2015 和had 不未经资助的循环信贷额度下的未偿还借款。