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Form 8-K · Current Report · Filed 2025-01-29

Lam Research Corporation Increases Revolving Credit Facility

On January 27, 2025, Lam Research Corporation entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., increasing its revolving unsecured credit facility from $1.5 billion to $2.0 billion, with an expansion option up to $2.750 billion.

Filer
Lam Research Corporation LRCX · NASDAQ
Filed
Accession
0000707549-25-000011
CIK
0000707549
Signal
Medium impactTechnology

Details

The agreement includes customary financial covenants and events of default. No amounts were outstanding under the facility as of January 27, 2025.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$74.51

Next session

+8.3%

Since filing

+293.3%

Latest close

$293.02

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from LRCX reporting the same item, with the next session's move:

Exhibits (1)

About Lam Research Corporation

Lam Research Corporation is a leading supplier of semiconductor processing equipment used in the fabrication of integrated circuits. Renowned for its innovation in wafer fabrication, Lam Research focuses on developing advanced technology solutions that enable critical processes such as plasma etch and deposition, which are essential for manufacturing chips found in a wide range of electronic devices. The company's equipment plays a pivotal role in the production of memory and logic devices, foundational to computing, communications, and consumer electronics sectors. With a global presence, Lam Research collaborates with semiconductor manufacturers to enhance yield and improve performance, ensuring next-generation chip technologies meet the demands of modern applications. As the semiconductor industry continues to expand and evolve, Lam Research remains integral to driving advancements and efficiency improvements in chip production, thereby maintaining its strategic significance within the technology supply chain.

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