UCTT · Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. executed the Tenth Amendment to its August 27, 2018 Credit Agreement on April 23, 2026, marking a significant refinancing event that replaces the existing revolving facility with new commitments totaling $250 million from Tenth Amendment Revolving Lenders, including Consenting Lenders. This extension pushes the maturity out to April 23, 2031, providing the company with extended liquidity runway and flexibility amid ongoing operations. The facility supports borrowings in U.S. dollars and agreed currencies, plus up to $50 million in letters of credit, with options for incremental commitments based on the defined Incremental Availability Amount. Interest pricing ties to SOFR or ABR plus margins scaled to the Consolidated Secured Net Leverage Ratio, aligning costs with leverage performance. Key financial covenants enforce discipline: a 3.25:1.00 secured net leverage cap (stepping to 3.75:1.00 post-Material Acquisition) and 3.00:1.00 cash interest coverage, both tested quarterly. Negative covenants limit debt incurrence, liens, M&A, asset sales, and affiliate deals, with exceptions, safeguarding lender interests while permitting operational flexibility. Previously incurred Term Loans were prepaid in full prior to this amendment. This structure enhances balance sheet manageability, supports subsidiary borrowings, and signals lender confidence in the company's trajectory, as all existing lenders consented and participated.