TTM Begins Syndication of $350 Million Senior Secured Term Loan


Reading time ( words)

TTM Technologies, Inc. announced today that it has begun to syndicate a $350 million Senior Secured Term Loan. Consummation of the New Term Loan and actual terms of the New Term Loan, including principal amount, interest rate and maturity, will depend on market and other conditions.

TTM intends to apply the proceeds from the New Term Loan, together with any proceeds from potential additional debt financing, to refinance the indebtedness outstanding under TTM’s existing term loan facility and reduce the amounts outstanding under TTM’s revolving credit facilities, as well as to pay related fees, costs and expenses.

Barclays Bank PLC and JPMorgan Chase Bank, N.A. will act as joint lead arrangers and joint book runners for the New Term Loan. Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey, Inc. will act as co-arrangers.

About TTM

TTM Technologies, Inc. is a major global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.

Share

Print


Suggested Items

EIPC Technical Snapshot: Supply Chain and Material Price Pressures

04/26/2021 | Pete Starkey, I-Connect007
EIPC’s seventh Technical Snapshot webinar on April 14 was timely and appropriate. In the context of current supply chain issues and material price pressures facing the PCB industry, particularly in Europe, the EIPC team brought together an outstanding group of experts—each a leading authority in his field—to analyse and comment upon the areas of concern and to respond to questions raised by a capacity audience. As Alun Morgan said, “If you don’t use the European supply chain, you won’t have it anymore!”

The Future Is Electric

04/13/2021 | KJ McCann and Brian Zirlin, Aurora Circuits
Worldwide research and development of the automotive industry began as early as the 17th century and since then has taken several different design paths, with each country forging its own innovative trail and hundreds of prototypes emerging into the market. Vehicles—with steam-powered, electric, and combustion engines—began to play a major role, not only in the Industrial Revolution, but in everyday life. Although many believe that electric vehicles (EVs) are relatively new to the market, they have actually been around since 1832.

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

01/22/2021 | Nolan Johnson, I-Connect007
This week’s news gave off every indicator that we’ve started a new calendar year. The news channels were busy with changes in leadership—both corporate and governmental—and changes in ownership. Changes in representation, too. Honestly, it was hard to sort out the news to just five top items. Be that as it may, here are five things we think you ought to read, even if you read nothing else about the electronics manufacturing industry this week: tradeshow coverage, strategic acquisitions, market discussion, and governmental advocacy.



Copyright © 2021 I-Connect007. All rights reserved.