secwatch.observer — SEC 8-K summary
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Issuer:     Ultra Clean Holdings, Inc. (UCTT)
CIK:        0001275014
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000950170-23-036082
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultra Clean Holdings obtains covenant relief on revolving credit facility through Dec 2024
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- Fifth Amendment to Credit Agreement provides relief on Consolidated Fixed Charge Coverage Ratio and Total Leverage Ratio maintenance covenants.
- Covenant relief effective from fiscal period ended June 30, 2023 to Dec 31, 2024; subject to anti-cash hoarding and minimum liquidity requirements.
- Company may elect earlier termination upon meeting certain financial ratio tests and ceasing use of adjustments.
- No revolving loans currently outstanding under the Credit Agreement; relief applies only to revolving credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023036082/0000950170-23-036082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275014/000095017023036082/uctt-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036082

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