Cases & Deals

Lam Research issues $2.4 billion of Senior Notes in public offering

Clients Lam Research Corporation

Jones Day represented Lam Research Corporation, a leading supplier of wafer fabrication equipment and services to the worldwide semiconductor industry, in connection with its $2.4 billion public offering of Senior Notes, consisting of $800 million of 2.800% Senior Notes due 2021, $600 million of 3.450% Senior Notes due 2023, and $1 billion of 3.900% Senior Notes due 2026. The offering is part of the financing for Lam's pending acquisition of KLA-Tencor Corporation. Goldman Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities LLC acted as joint book-running managers for the offering.