TTM Announces Proposed Offering of $500 Million of Senior Notes Due 2034
TTM Technologies intends to offer $500 million of senior unsecured notes due 2034 in a private offering to qualified institutional buyers, guaranteed by the subsidiaries backing its credit facilities. Net proceeds, together with $1.1 billion of incremental term loans ($300 million term loan A and $800 million term loan B), will fund the previously announced acquisition of Epiq Solutions, may pay down revolver borrowings used for the Swiss Technology Group (STG) acquisition, and will cover related fees.
Key figures
- Outside date
- November 15, 2026 (automatic extension to May 15, 2027 in certain circumstances)
- Notes maturity
- 2034
- Senior notes principal usd
- 500000000
- Incremental term loan a usd
- 300000000
- Incremental term loan b usd
- 800000000
- Special mandatory redemption
- 100% of principal plus accrued interest if Epiq Solutions acquisition not consummated by Outside Date
AI analysis
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