Ultra Clean Holdings (NASDAQ: UCTT) trims term loan rate by 0.5%
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Ultra Clean Holdings, Inc. entered into an Eighth Amendment to its existing Credit Agreement on September 15, 2025 with Barclays Bank PLC as administrative agent and the lenders party to the facility. The amendment specifically reduces the interest rate on the term loan facility by 0.5% per annum, lowering the company’s ongoing borrowing cost on that portion of its debt. This change updates a credit agreement that has been amended multiple times since it was originally signed in August 2018.
The company also identified this amendment as creating a direct financial obligation, reflecting the revised interest terms on its term loan. The full text of the Eighth Amendment is provided as an exhibit to the report.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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Item 1.01 Entry Into a Material Definitive Agreement.
On September 15, 2025, Ultra Clean Holdings, Inc. (the “Company”), Barclays Bank PLC, as administrative agent, and the lenders party thereto, entered into that certain Eighth Amendment dated as of September 15, 2025 (the “Eighth 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, July 27, 2023, April 4, 2024 and October 8, 2024 (the “Existing Credit Agreement”), and the Existing Credit Agreement as further amended by the Eighth Amendment, the “Credit Agreement”). Pursuant to the Eighth Amendment, the Existing Credit Agreement was amended to reduce the interest rate applicable to the term loan facility under the Credit Agreement by 0.5% per annum.
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.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Exhibit Description | |||||||
| 10.1 | Eighth Amendment, dated as of September 15, 2025, by and among Ultra Clean Holdings, Inc., the subsidiaries of Ultra Clean Holdings, Inc. party thereto, Barclays Bank PLC, as administrative agent and the lenders party thereto. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| ULTRA CLEAN HOLDINGS, INC. | |||||||||||
| Date: | September 16, 2025 | By: | /s/ Paul Y. Cho | ||||||||
| Name: Paul Y. Cho Title: General Counsel and Corporate Secretary | |||||||||||
FAQ
What did Ultra Clean Holdings (UCTT) change in its credit agreement?
Ultra Clean Holdings entered into an Eighth Amendment to its Credit Agreement, which reduces the interest rate on its term loan facility by 0.5% per annum.
When was the new credit agreement amendment for UCTT executed?
The Eighth Amendment to Ultra Clean Holdings’ Credit Agreement was executed on September 15, 2025.
Who is the administrative agent under Ultra Clean Holdings’ amended Credit Agreement?
The administrative agent under the amended Credit Agreement is Barclays Bank PLC, acting together with the lenders party to the facility.
How many times has Ultra Clean Holdings’ Credit Agreement been amended?
The Credit Agreement dated August 27, 2018 has been amended eight times, including amendments dated October 1, 2018, March 31, 2021, August 19, 2022, June 29, 2023, July 27, 2023, April 4, 2024, October 8, 2024, and the Eighth Amendment on September 15, 2025.
What type of financial obligation does the UCTT 8-K describe?
The 8-K describes a direct financial obligation arising from the amended Credit Agreement, specifically reflecting the revised interest rate terms on the term loan facility.
Where can investors find the full details of UCTT’s Eighth Amendment?
The complete Eighth Amendment is filed as Exhibit 10.1 to the report and is incorporated by reference.