secwatch / observer
8-K filed June 20, 2023, 7:59 PM ET ticker TTMI CIK 0001116942
debt confidence high sentiment neutral materiality 0.55

TTM TECHNOLOGIES INC (TTMI): debt financing — TTM closes new $150M Asia ABL facility due 2028; margin cut to SOFR+1.3%

TTM TECHNOLOGIES INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TTM TECHNOLOGIES INC amended credit facility with The Hong Kong and Shanghai Banking Corporation Limited at 1.3% maturing June 13, 2028.

Instrument
credit facility
Counterparty
The Hong Kong and Shanghai Banking Corporation Limited
Rate
1.3%
Maturity
June 13, 2028
Event
amendment
Exact text from the filing
On June 14, 2023, TTM Technologies China Limited (“TTMC”) and TTM Technologies Trading (Asia) Company Limited (“TTMTA”), each of which are wholly-owned subsidiaries of TTM Technologies, Inc. (the “Company”), entered into an amended and restated facility agreement, effective as of June 30, 2023 (the “Facility Agreement”), which amends and restates the Asia asset backed loan facility agreement dated May 22, 2015 and amended and restated on June 4, 2019 (the “Asia ABL Agreement”) entered into by and among TTMC, TTMTA and other parties as original guarantors, The Hong Kong and Shanghai Banking Corporation Limited as arranger, original lender, facility agent, security trustee and issuing bank and Barclays Bank PLC as original lender.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TTM TECHNOLOGIES INC amended Facility Agreement with The Hong Kong and Shanghai Banking Corporation Limited (effective 2023-06-30).

Action
amendment
Agreement
credit facility
Counterparty
The Hong Kong and Shanghai Banking Corporation Limited
Effective
2023-06-30
Exact text from the filing
On June 14, 2023, TTM Technologies China Limited (“TTMC”) and TTM Technologies Trading (Asia) Company Limited (“TTMTA”), each of which are wholly-owned subsidiaries of TTM Technologies, Inc. (the “Company”), entered into an amended and restated facility agreement, effective as of June 30, 2023 (the “Facility Agreement”), which amends and restates the Asia asset backed loan facility agreement dated May 22, 2015 and amended and restated on June 4, 2019 (the “Asia ABL Agreement”) entered into by and among TTMC, TTMTA and other parties as original guarantors, The Hong Kong and Shanghai Banking Corporation Limited as arranger, original lender, facility agent, security trustee and issuing bank and Barclays Bank PLC as original lender.
View on SEC.gov

8 debt financings filed in the last 30 days. Browse all debt financings →

TTM TECHNOLOGIES INC filing history →

Source: SEC EDGAR
accession 0001193125-23-169669
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