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Sterling National Bank Provides $26MM Credit Facility to Wafer Holding

April 11, 2017, 06:30 AM
Filed Under: Semiconductor

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that it has provided senior secured credit facilities totaling $26,000,000 to Wafer Holding Company LLC.

Founded in 2008, Wafer provides services related to the reclamation, oxidation, grinding, and polishing of silicon wafers, which are a key element in the fabrication of semiconductors, integrated circuits and other micro-devices. With their main locations in San Jose, CA and Prescott, AZ, Wafer is the largest U.S. based supplier of reclaim, test and specialty silicon.

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