Ultra Clean Holdings, Inc. (UCTT): debt financing — Ultra Clean Holdings extends credit maturity 30 months, reduces term loan rate 25bps

Ultra Clean Holdings, Inc.

Extended final maturity of term loan and revolver by 30 months.
Reduced interest rate on term loan facility by 0.25% per annum.
Refinanced $475.4M of existing term loans; added $24.6M incremental term loans.
Barclays Bank PLC acts as administrative agent and collateral agent.
Consenting lenders: all existing term and revolving lenders agreed to amendments.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ultra Clean Holdings, Inc. amended credit facility with Barclays Bank PLC, HSBC Securities (USA) Inc., Sumitomo Mitsui Banking Corporation at reduce the interest rate applicable to the term loan facility under the Credit A maturing extend the final maturity date of the term loan and revolving credit facilities under the Credit Agreement by 30 months.

Instrument: credit facility
Counterparty: Barclays Bank PLC, HSBC Securities (USA) Inc., Sumitomo Mitsui Banking Corporation
Rate: reduce the interest rate applicable to the term loan facility under the Credit A
Maturity: extend the final maturity date of the term loan and revolving credit facilities under the Credit Agreement by 30 months
Event: amendment

Exact text from the filing

extend the final maturity date of the term loan and revolving credit facilities under the Credit Agreement by 30 months and (ii) reduce the interest rate applicable to the term loan facility under the Credit Agreement by 0.25% per annum.

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Source: SEC EDGAR

accession 0000950103-24-005020

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