Ultra Clean Holdings plans to launch $415 million credit facilities on Wednesday

By Sara Rosenberg

New York, Aug. 30 – Ultra Clean Holdings Inc. is scheduled to hold a bank meeting at 1 p.m. ET on Wednesday to launch $415 million of credit facilities, according to a market source.

Barclays is the bookrunner on the deal.

The facilities consist of a $65 million five-year revolver and a $350 million seven-year term loan B, the source said.

Proceeds will be used to support the acquisition of Quantum Global Technologies LLC for $342 million in cash, which was completed in late August.

As of June 29, pro forma combined revenue was $1.3 billion, net income was $105 million and adjusted EBITDA was $167 million.

Pro forma total debt to adjusted EBITDA was 2.2 times and pro forma net debt to adjusted EBITDA was 1.5 times.

Ultra Clean is a Hayward, Calif.-based developer and supplier of critical subsystems for the semiconductor and display capital equipment industries. Quantum Global is a Quakertown, Pa.-based provider of ultra-high purity outsourced parts cleaning, process tool part recoating, surface treatment and analytical services to the semiconductor and related industries.

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