TTM Technologies, Inc.
TTM Technologies Announces New Term Loan Facility
Summary
On August 1, 2024, TTM Technologies, Inc. entered into a First Amendment to its Term Loan Credit Agreement, establishing a new $346.5 million senior secured term loan credit facility. The new facility refinances the existing 2023 Term Loan Facility, reduces the interest rate margin by 50 basis points, and maintains the same maturity date of May 30, 2030. The company estimates incurring fees and expenses of approximately $1.0 million related to the amendment.
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About TTM Technologies, Inc.
TTM Technologies, Inc. is a leading global provider of printed circuit boards (PCBs) and related electronic manufacturing solutions. Serving a diverse range of industries, TTM Technologies focuses on delivering high-quality, technologically advanced PCBs and solutions to sectors such as aerospace, defense, medical, industrial, networking, and automotive industries. These segments demand precision, reliability, and innovation, making the company's offerings integral to their operations. TTM Technologies' capability to offer a comprehensive range of PCB products, from standard to complex multilayer printed circuit assemblies, highlights its robust manufacturing expertise and market adaptability. The company stands out with its advanced engineering services, which enable the development of custom and prototypical designs tailored to specific client needs, thereby fostering innovation and efficiency in electronics manufacturing. With facilities strategically located across North America and Asia, TTM Technologies harnesses global footprints to meet timely delivery requirements, support quick-turn prototypes, and cater to high-volume production. This operational agility underlines its critical role within the supply chain, ensuring the seamless integration of electronic solutions across various high-tech applications worldwide.
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