UCT - Ultra Clean Holdings Inc.

04/09/2024 | Press release | Distributed by Public on 04/09/2024 04:04

Material Agreement - Form 8-K

Item 1.01 Entry into a Material Definitive Agreement.

On April 4, 2024, Ultra Clean Holdings, Inc. (the "Company"), Barclays Bank PLC, as administrative agent, and the lenders party thereto, entered into that certain Sixth Amendment dated as of April 4, 2024 (the "Sixth Amendment") to the Credit Agreement dated as of August 27, 2018 (as amended as of October 1, 2018, March 31, 2021, August 19, 2022, June 29, 2023 and July 27, 2023 (the "Existing Credit Agreement"), and the Existing Credit Agreement as further amended by the Sixth Amendment, the "Credit Agreement"). Pursuant to the Sixth Amendment, the Existing Credit Agreement was amended to, among other things, (i) 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. Barclays Bank PLC, HSBC Securities (USA) Inc. and Sumitomo Mitsui Banking Corporation acted as joint lead arrangers and joint bookrunners in connection with the amended credit facilities. Barclays Bank PLC is acting as sole administrative agent and collateral agent.

The foregoing description is qualified in its entirety by reference to the full text of Exhibit 10.1 hereto, which is incorporated herein by reference.