TTM Technologies Launches $500M Senior Notes Offering, Adds $1.1B in Term Loans to Fund Epiq Deal
TTMI has more than doubled off its 52-week low of $45.725.
Summary
TTM Technologies is tapping debt markets with a $500 million senior notes offering due 2034, alongside $300 million in Term Loan A and $800 million in Term Loan B. The proceeds are earmarked to fund the $1.1 billion cash acquisition of Epiq Solutions announced in August. This financing package covers the full purchase price and signals the deal is moving toward closing. The company's leverage will rise, but the debt is being raised at a time of strong AI-driven revenue growth and record Q2 results. Investors will watch for pricing terms on the notes and any impact on the existing $100 million buyback program.
At the time of this announcement, TTMI was trading at $123.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.1B. The 52-week trading range was $45.73 to $223.83. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.