Financing ·
TTM Technologies completed a private offering of $500 million in aggregate principal amount of its 6.750% senior notes…
TTMITtm Technologies Inc
TTM Technologies completed a private offering of $500 million in aggregate principal amount of its 6.750% senior notes due October 1, 2034. The notes were priced at par and bear interest payable semi-annually on April 1 and October 1, beginning April 1, 2027. Proceeds will fund the acquisition of EDS Intermediate Holding, LLC, alongside incremental term loans, while also allowing for repayment of borrowings related to the Swiss Technology Group AG acquisition. The indenture restricts dividends and includes a special mandatory redemption clause if the EDS acquisition does not close by November 15, 2026. TTM Technologies manufactures electronic communications and radar systems.