secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2026-06-03T21:00:08+00:00
Accession:  0001193125-26-255711
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM closes $1.0B revolver and upsized $400M TLB at SOFR+1.75%, a 50bps reduction
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- New $400M Term Loan B due May 2030 replaces $340.4M outstanding; priced at Term SOFR+1.75%, down 50 bps.
- New $1.0B multi-currency cash flow revolver matures May 2031, replacing $150M US and $150M Asia ABL facilities.
- Covenants: min interest coverage 2.50x, max leverage 4.50x (5.00x acquisition holiday); quarterly TLB amortization 1% p.a.
- Proceeds used to refinance prior term loan, repay ABL facilities, and fund working capital/general corporate purposes.
- CFO Dan Boehle cites strengthened financial position and flexibility for strategic initiatives, enhancing long-term capital structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312526255711/0001193125-26-255711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312526255711/d220132d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-255711

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