KLA?Tencor’s $1.2 Billion Registered Senior Notes Offering

Cravath represented the underwriters, led by J.P. Morgan Securities, in connection with the $1.2 billion registered senior notes offering of KLA?Tencor Corporation.

Proceeds of the offering were used to refinance debt incurred in connection with KLA-Tencor’s acquisition of Orbotech Ltd.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, Academy Securities, Inc., ICBC Standard Bank Plc, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Loop Capital Markets LLC and The Williams Capital Group, L.P. acted as underwriters in the deal.

KLA-Tencor Corporation manufactures yield management and process monitoring systems for the semiconductor industry. The Company’s systems are used to analyze product and process quality at critical steps in the manufacture of circuits and provide feedback so that fabrication problems can be identified. KLA-Tencor operates sales, service, and application centers worldwide.

The Cravath team included partners Andrew J. Pitts (Picture) and D. Scott Bennett and associates Yannick Adler and Tyler J. Cook on securities matters, and associate Cecily Xi on tax matters. Christopher M. Tierney also worked on securities matters.

Involved fees earner: Yannick Adler – Cravath Swaine & Moore; Scott Bennett – Cravath Swaine & Moore; Tyler Cook – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Christopher Tierney – Cravath Swaine & Moore; Cecily Xi – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Academy Securities Inc.; BB&T Capital Markets; Citigroup Global Markets Ltd; ICBC Standard Bank; J.P. Morgan Securities LLC; Loop Capital Markets; Merrill Lynch, Pierce, Fenner & Smith Incorporated; MUFG Securities Americas Inc. ; Scotia Capital Inc.; SunTrust Robinson Humphrey, Inc.; The Williams Capital Group; U.S. Bancorp Investments; Wells Fargo Securities;

Author: Ambrogio Visconti