KLAC · 2026 vs 2025 · Filed 2026-08-06
KLA Corporation
We are exposed to risks associated with our interest rate hedging activities.
In 2026, we entered into interest rate swaps which are designated as fair value hedges and allow us to convert a portion of our fixed-rate payments under the senior, unsecured long-term notes issued in June 2022 (“2022 Senior Notes”) into floating-rate payments based on the Daily Secured Overnight Financing Rate swap rate plus a fixed number of basis points.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.