Lam Research Corp. announced the recent closing of an inaugural $1.5 billion sustainability-linked credit facility, demonstrating the importance of the company's environmental, social, and governance (ESG) goals. Over the credit facility term, Lam will receive a pricing adjustment if the company is above or below performance targets around annual energy savings and maintaining its high standard of employee safety. Lam refinanced and upsized its existing $1.25 billion facility maturing October 2022 with this new five-year $1.5 billion sustainability-linked facility. JPMorgan Chase is the administrative agent and BNP Paribas is acting as the sustainability structuring agent.