Aviza Technology Completes $55 Million Credit Facility Selects United Commercial Bank to Lead Credit Facility
Source/Type: Company News Releases

April 16, 2007... Scotts Valley, California USA--Aviza Technology, Inc., a supplier of advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets, today announced the completion of a new asset-backed credit facility led by United Commercial Bank, a wholly owned banking subsidiary of UCBH Holdings, Inc. The new credit facility replaces and refinances the Company's revolving line of credit with Bank of America, N.A. and mortgage line of credit with iStar Financial Inc., which were due to mature in August 2007 and September 2007, respectively. The new credit facility is not to exceed an aggregate principal amount of $55 million and includes a two-year revolving facility of up to $44 million that is secured by accounts receivable, inventory and fixed assets; a three-year equipment term loan of up to $4 million; and a four-year commercial real estate term loan of up to $13 million.

"Securing this new credit facility is an important step in our growth," said Patrick C. O'Connor, Aviza's Executive Vice President and Chief Financial Officer. "In addition to obtaining lower interest rates, we have restructured the long-term debt secured by the real property that Aviza owns in Scotts Valley, Calif. With the completion of our recent equity offering and the new credit facility, Aviza is a financially stronger company." O'Connor continued, "The new credit facility provides us with additional capital resources to fund investment in our core markets as well as the newer growth markets of atomic layer deposition and wafer level packaging."

Johnny Lee, Senior Vice President and Manager of the Technology Banking Group with United Commercial Bank, commented, "We are pleased to establish a relationship with Aviza Technology. We are committed to working closely with technology and fast-growth companies; and we believe that our primary emphasis on companies doing business in Asia will help Aviza capitalize on its business opportunities in Asia."

SAFE HARBOR STATEMENT

This press release contains forward-looking statements. These forward-looking statements are based on our management's current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. These forward-looking statements include, but are not limited to, the statements made by Patrick O'Connor and all statements containing the words "believes," "expects," "forecast," "may," "will," "should," "seeks," "intends," "plans," "estimates" or "anticipates" or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with product development and technological changes; the acceptance of our products in the marketplace by existing and potential future customers; disruption of operations or increases in expenses due to our involvement in litigation or caused by civil or political unrest or other catastrophic events; general economic conditions and conditions in the semiconductor industry in particular; the continued employment of our key personnel and risks associated with competition. Some of these factors and other important factors are detailed in various Securities and Exchange Commission filings that we have made, particularly in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, copies of which are available from us without charge. Please review these filings and do not place undue reliance on these forward-looking statements. We assume no obligation to update these forward-looking statements.

About UCBH

UCBH Holdings, Inc. ("UCBH" or the "Company"), with $10.35 billion in assets as of December 31, 2006, is the holding company for United Commercial Bank ("UCB(TM)" or the "Bank"), a state-chartered commercial bank, which is the leading bank in the United States serving the Chinese community and American companies doing business in Greater China. The Bank has 50 California branches/offices located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, five branches in New York, five branches in metropolitan Atlanta, three branches in New England, two branches in the Pacific Northwest, a branch in Houston, a branch in Hong Kong, and representative offices in Shanghai and Shenzhen, China and Taipei, Taiwan.

UCB(TM), with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private banking services to individuals. The Bank offers a full range of lending activities, including commercial real estate and construction loans, commercial credit facilities, international trade finance, cash management, private client services, loans guaranteed by the U.S. Small Business Administration, residential mortgages, home equity lines of credit, and online banking services for businesses and consumers.

UCBH Holdings, Inc.'s common stock trades on The NASDAQ Global Select Market under the symbol "UCBH."

About Aviza Technology, Inc.

Aviza Technology, Inc. designs, manufactures, sells and supports advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets. The company's systems are used in a variety of segments of the semiconductor market, such as advanced silicon for memory devices, advanced 3-D packaging and power integrated circuits for communications. Aviza's common stock is publicly traded on the NASDAQ Global Market (NASDAQ GM: AVZA). Aviza is headquartered in Scotts Valley, Calif., with manufacturing, R&D, sales and customer support facilities located in the UK, Germany, France, Taiwan, China, Japan, Korea, Singapore and Malaysia. Additional information about the company can be found at http://www.avizatechnology.com.

CONTACT: Aviza Technology, Inc.
Corporate Communications:
Sherrie Gutierrez, +1 (831) 439-6382
Corporate Marketing Manager
Fax: +1 (831) 439-6223

or
Guerrant Associates
Investor Relations:
Laura Guerrant, +1 (808) 882-1467
Principal
Fax: +1 (808) 882-1267

See the Current Industry News Summary
See this article in its orginal context, with the other current news from the same week