debt
confidence high
sentiment neutral
materiality 0.60
TTM prices $500M 6.75% senior notes due 2034 for Epiq acquisition
TTM TECHNOLOGIES INC
- Priced $500M senior notes due 2034 at 6.750% coupon; closing expected Sept 24, 2026.
- Proceeds, with $300M term loan A and $800M term loan B, to fund Epiq Solutions acquisition and fees.
- Notes are senior unsecured, guaranteed by subsidiaries guaranteeing existing credit facilities.
- If Epiq acquisition not closed by Nov 15, 2026 (extendable to May 15, 2027), notes redeemable at 100% plus accrued interest.
- Offering not conditioned on Epiq close; Epiq close not conditioned on notes.