We advised Ultra Clean on the offering

Davis Polk advised Ultra Clean Holdings, Inc. in connection with its Rule 144A offering of $600 million aggregate principal amount of its 0.00% convertible senior notes due 2031, which included $75 million principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised the company on the capped call transactions entered into in connection with the offering.

Headquartered in Hayward, California, Ultra Clean is a leading developer and supplier of critical subsystems, components, parts and ultra-high-purity cleaning and analytical services, primarily for the semiconductor industry.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jason Bassetti and associates Paula Gergen and Ashley Jaworoski. The equity derivatives team included partner Mark J. DiFiore and associate Ji Hwan Kim. Counsel Jonathan B. Brown and associate Carlos (Spencer) Gomes provided finance advice. The tax team included partner Lucy W. Farr and counsel Yixuan Long. Members of the Davis Polk team are based in the Northern California and New York offices.

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