Exhibit 5.1
March 20, 2019
KLA-Tencor Corporation
One Technology Drive
Milpitas, California 95035
Re: | KLA-Tencor Corporation – Issuance and sale of $800,000,000 Aggregate Principal Amount of 4.10% Senior Notes due 2029 and $400,000,000 Aggregate Principal Amount of 5.00% Senior Notes due 2049 |
Ladies and Gentlemen:
We have acted as special counsel toKLA-Tencor Corporation, a Delaware corporation (the “Company”), in connection with the filing by the Company with the Securities and Exchange Commission (the “Commission”) on February 2, 2018 of a registration statement on FormS-3ASR (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”), that is automatically effective under the Act pursuant to Rule 462(e) promulgated thereunder. The Registration Statement relates to, among other things, the proposed issuance and sale, from time to time, by the Company of debt securities with an indeterminate amount as may at various times be issued at indeterminate prices, in reliance on Rule 456(b) and Rule 457(e) under the Act.
Under the Registration Statement, the Company has issued $800,000,000 in aggregate principal amount of 4.10% Senior Notes due 2029 (the “2029 Notes”) and $400,000,000 in aggregate principal amount of 5.00% Senior Notes due 2049 (the “2049 Notes” and, together with the 2029 Notes, the “Notes”) pursuant to an Indenture, dated as of November 6, 2014 (the “Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”) and the Officer’s Certificate, dated as of March 20, 2019, delivered pursuant thereto. The Notes were sold pursuant to an Underwriting Agreement, March 13, 2019 (the “Underwriting Agreement”), between the Company and J.P. Morgan Securities LLC, as representative of the several underwriters named in the Underwriting Agreement.
We have examined the Registration Statement, together with the exhibits thereto and the documents incorporated by reference therein; the base prospectus, dated February 1, 2018, together with the documents incorporated by reference therein, filed with the Registration Statement (the “Base Prospectus”); the preliminary prospectus supplement, dated March 13, 2019, together with the documents incorporated by reference therein, in the form filed with the Commission pursuant to Rule 424(b) of the Securities Act relating to the offering of the Notes; the final prospectus supplement, together with the documents incorporated by reference therein, dated March 13, 2019, in the form filed with Commission pursuant to Rule 424(b) of the Securities Act relating to the offering of the Notes (collectively with the Base Prospectus, the “Prospectus Supplement”); the Indenture; and the Notes. In addition, we have examined such other instruments, documents, certificates and records which we have deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed (i) the authenticity of original documents and the genuineness of all signatures; (ii) the conformity to the originals of all documents submitted to us as copies; (iii) the truth, accuracy, and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed; (iv) the Underwriting Agreement has been duly authorized and validly executed and delivered by the parties thereto (other than the Company); (v) the legal capacity of all