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.