KLA-Tencor Corporation (KLAC)

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KLA-Tencor prices $750 million offering of senior notes
Wednesday April 30, 5:49 pm ET
KLA-Tencor prices $750 million senior notes offering, proceeds to be used for general purposes

SAN JOSE, Calif. (AP) -- KLA-Tencor Corp., which sells microchip testing equipment, priced $750 million in a senior notes offering Wednesday.

The company said the notes will be due May 1, 2018, with a coupon of 6.9 percent. Proceeds from the offering will be used for general corporate purposes, which could include buyouts and stock buybacks.

Merrill Lynch & Co. is acting as the sole book-running manager of the offering.

Shares of KLA-Tencor rise $2.05, or 4.7 percent, to $45.73 in after-hours trading after falling $2.05, or 4.5 percent to close at $43.68 during the regular trading session.

http://biz.yahoo.com/ap/080430/kla_tencor_notes_offering.html?.v=1