secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ultra Clean Holdings, Inc. (UCTT)
CIK:        0001275014
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0000950103-26-003139
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultra Clean issues $600M 0% convertible notes due 2031; enters capped call transactions
--------------------------------------------------------------------------------

- Issued $600M principal of 0.00% Convertible Senior Notes due 2031; initial conversion price ~$84.75 per share.
- Initial purchasers fully exercised option for additional $75M notes; total issuance includes $75M from option exercise.
- Entered capped call transactions costing $25.1M to reduce dilution; cap price $104.0725, premium 75% over stock price.
- Notes mature March 15, 2031; no regular interest; convertible at holder's option after December 16, 2030.
- Conversion rate initially 11.8001 shares per $1,000 principal; convertible into cash/shares at company's election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275014/000095010326003139/0000950103-26-003139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275014/000095010326003139/dp242585_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-003139

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer