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AI brief of an SEC Form 8-K · Ultra Clean Holdings (UCTT)

Ultra Clean Issues $600 Million of 0% Convertible Senior Notes Due 2031

Neutral Impact 3 of 5 financing Written later

Ultra Clean Holdings issued $600 million of 0.00% convertible senior notes maturing March 15, 2031, including $75 million from the full exercise of the initial purchasers' option. The notes carry no regular interest and are convertible into common stock at an initial price of about $84.75 per share, so conversions could add to the share count, though the company entered capped call transactions costing about $25.1 million to reduce that dilution.

Key points

  • Issued $600 million principal of 0.00% convertible senior notes on March 3, 2026, including $75 million from the full option exercise
  • Notes mature March 15, 2031 and do not bear regular interest
  • Initial conversion price of about $84.75 per share; company may settle conversions in cash, shares, or a combination
  • Capped call transactions cost about $25.1 million, with a cap price of $104.0725 per share

The filing

CompanyUltra Clean Holdings (UCTT)
Form8-K, current report
Filed with the SECMar 3, 2026, 4:20 PM ET
Accession number0000950103-26-003139

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.