TTM Amends Asset-Backed Loan Agreements


Reading time ( words)

TTM Technologies, Inc. has amended its asset backed loan (ABL) agreements for both its US and Asia based ABLs. The maximum availability under each ABL is $150 million. The amendments extend the maturity date to 2024 from the current 2020 for both agreements. In addition, the borrowing rate on the US ABL was reduced from LIBOR plus a margin ranging from 1.25% to 1.75% to LIBOR plus a margin ranging from 1.25% to 1.5%. The borrowing rate on the Asia ABL was unchanged at LIBOR plus a margin of 1.4%. Details of these amendments can be found in the 8k filing concurrent with this release.

About TTM

TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs, backplane assemblies and electro-mechanical solutions as well as a global designer and manufacturer of RF and microwave components and assemblies. 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. Additional information can be found at www.ttm.com.

Share

Print


Suggested Items

TTM to Exhibit at SAE WCX 2019

03/21/2019 | Globe Newswire
TTM Technologies, Inc. will be exhibiting at the Society of Automotive Engineers World Congress Experience 2019 (SAE WCX), booth 2234.

Catching up with Fineline-Global N. American CEO Eran Navick

06/20/2018 | Dan Beaulieu
After entering the North American marketplace just six months ago, printed circuit board provider Fineline-Global is making its mark. As the largest value-added PCB supplier in the world, Fineline prides itself on being any able to meet any challenge for any company in any part of the world. I recently had the chance to sit down with Eran Navick, the company’s North American CEO to catch up on how things are going.

Catching Up with FineLine Global

10/03/2017 | Dan Beaulieu, D.B. Management Group
With locations all over the world and technology offerings covering all technologies, I wanted to see for myself what this “broker on steroids” was all about—how they got started and how they grew. So I was delighted to have a conversation with Eli Ikan, Fineline Global’s General Manager.



Copyright © 2019 I-Connect007. All rights reserved.