secwatch.observer — SEC 8-K summary
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Issuer:     Ultra Clean Holdings, Inc. (UCTT)
CIK:        0001275014
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0000950170-23-032015
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultra Clean enters Fourth Amendment to credit agreement, replacing LIBOR with Term SOFR
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- Fourth Amendment effective June 29, 2023 replaces USD LIBOR with Term SOFR plus spread adjustment.
- Existing Eurodollar loans continue until end of current interest period, then auto-convert to Term SOFR loans.
- No new borrowing, principal amount unchanged; purely benchmark transition to comply with LIBOR cessation.
- Amendment executed by Ultra Clean Holdings and Barclays Bank PLC as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023032015/0000950170-23-032015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023032015/uctt-20230706.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032015

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