TTM Technologies, Inc.
TTM Technologies Announces New $1.0 Billion Credit Facilities
Summary
TTM Technologies, Inc. has entered into a new $1.0 billion cash flow senior secured revolving credit facility and a repriced and upsized $400 million Term Loan B, replacing previous credit agreements. The new revolver matures in May 2031, while the Term Loan B matures in May 2030. The new Term Loan B is priced at Term SOFR+ 1.75%, a reduction of 50 basis points from prior commitments, expected to provide meaningful cash interest savings. The new facilities are intended to strengthen the company's financial position and support strategic initiatives.
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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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