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Editorial Contacts:Jack Sexton, CFO
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02.05.09Ultra Clean Technology Extends Loan Agreement for Three YearsHAYWARD, CA — FEBRUARY 5TH, 2009 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), a leading developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar, and medical device industries, today reported that it has executed an amendment to its Loan and Security Agreement with Silicon Valley Bank, which extends the maturity on its credit facilities to January 29, 2012. These facilities include a revolving line of credit, which has been reduced to $20 million from $25 million, at Ultra Clean’s request to avoid unnecessary unused line fees. In addition, we have a new $3 million term loan. "We are pleased to extend our relationship with Silicon Valley Bank." said Clarence Granger, Chairman and Chief Executive Officer of Ultra Clean. "We believe this agreement provides additional stability to Ultra Clean in this challenging business environment." About Ultra Clean Holdings, Inc. |
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