TTM Technologies refinances $346.5M term loan, reduces interest margin by 50 bps

TTM TECHNOLOGIES INC

New $346.5M senior secured term loan facility replaces existing 2023 term loan.
Interest rate: 1-month CME Term SOFR + 2.25%, down 50 bps from prior facility.
Maturity unchanged at May 30, 2030; proceeds refinance full outstanding balance.
Estimated fees and expenses of approximately $1.0 million related to the amendment.
Amendment entered into on August 1, 2024 with JPMorgan Chase as administrative agent.

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