other material
confidence high
sentiment neutral
materiality 0.15
TTM Technologies amends ABL credit agreement to clarify incremental term loan and acquisition terms
TTM TECHNOLOGIES INC
- First Amendment dated June 10, 2024 to existing ABL agreement of May 30, 2023.
- Modifies definition of 'Permitted Additional Junior Lien Indebtedness' to clarify incremental term loan basket usage.
- Adds testing of Availability under Limited Condition Acquisitions provisions.
- No new borrowing, rate change, or maturity extension disclosed; amendment is procedural.