secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-169669
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM closes new $150M Asia ABL facility due 2028; margin cut to SOFR+1.3%
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- New $150M Asia asset-based revolving credit facility matures June 2028, replacing facility due June 2024.
- Borrowing rate reduced to Term SOFR + 1.3% from previous LIBOR + 1.4%.
- $30 million drawn on new facility, same as prior; other facilities mature 2028-2030.
- CFO states capital structure well positioned for next several years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523169669/0001193125-23-169669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523169669/d506021d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169669

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer