Material Agreement (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On April 23, 2026, Ultra Clean Holdings, Inc. (the "Company") and the other parties thereto entered into that certain Tenth Amendment (the "Amendment") to its Credit Agreement originally dated as of August 27, 2018 (as amended by the Amendment, the "Credit Agreement"), among the Company, as parent borrower, Barclays Bank PLC, as administrative agent, and the revolving lenders and other parties thereto. Among other things, the Amendment provided for refinancing revolving credit commitments in an aggregate principal amount of $250 million and extended the maturity of the revolving credit facility to April 23, 2031.

The Credit Agreement provides for a senior secured credit facility available to the Company and the subsidiary borrowers thereunder from time to time in U.S. dollars and other currencies as may be agreed by the revolving lenders thereunder from time to time, and the issuance of up to $50 million in letters of credit. In addition, subject to the terms and conditions set forth in the Credit Agreement, the Company may, at its option, request an increase in the aggregate revolving credit commitments under the Credit Agreement and/or the incurrence of incremental term loans thereunder, in an aggregate principal amount up to the "Incremental Availability Amount" (as defined in the Credit Agreement). The Credit Agreement includes customary representations, warranties, covenants and events of default.

Subject to the terms and conditions set forth in the Credit Agreement, revolving loans under the Credit Agreement will bear interest at a rate equal to, at the Company's option (A) in the case of "Term SOFR Loans", the sum of (i) the "Term SOFR", plus (ii) an applicable margin as set forth therein based upon the then-applicable "Consolidated Secured Net Leverage Ratio" of the Company and (B) in the case of "ABR Loans", the sum of (i) the "ABR", plus (ii) an applicable margin as set forth therein based upon the then-applicable "Consolidated Secured Net Leverage Ratio" of the Company.

Pursuant to the Amendment, the Company is obligated to maintain under the Credit Agreement, as of the last day of each fiscal quarter of the Company (A) a maximum "Consolidated Secured Net Leverage Ratio" not to exceed 3.25 to 1.00 (or, for any reference period in which a "Material Acquisition" is consummated, 3.75 to 1.00) and (B) a minimum "Cash Interest Coverage Ratio" of no less than 3.00 to 1.00.

In addition, the Credit Agreement requires ongoing compliance with certain affirmative and negative covenants as described in the Credit Agreement. These negative covenants include restrictions on the Company's ability to, and the ability of its direct or indirect restricted subsidiaries to, among other things, and in each case subject to certain exceptions set forth in the Credit Agreement, (i) incur additional debt, including guarantees, (ii) create liens upon any of their property, (iii) undertake certain fundamental changes, (iv) sell or otherwise dispose of assets, (v) voluntarily prepay or modify certain restricted debt, (vi) make certain investments and consummate acquisitions, (vii) enter into certain hedging transactions, (viii) engage in transactions with affiliates, (ix) engage in new lines of business, (x) modify certain material contractual obligations or its fiscal year and (xi) enter into certain burdensome agreements.