KLA announces $1.5B sustainability-linked credit facility
KLA (NASDAQ:KLAC) on Wednesday announced the closing of an inaugural $1.5B sustainability-linked revolving credit facility.
KLAC refinanced and upsized its existing $1B credit facility that was set to mature in Nov. 2023.
During the 5-year term of the new facility, KLAC will receive pricing adjustments based on its performance against 2 sustainability-linked targets.
The targets are increased use of renewable power within its operations and reduction in scope 1 and scope 2 CO2 emissions.