TTM Technologies Completes $1.1B Epiq Solutions Acquisition, Adds $1.1B in Incremental Term Loans
TTMI has more than doubled off its 52-week low of $53.356.
Summary
TTM Technologies completed its $1.1B acquisition of Epiq Solutions, funded by $1.1B in new incremental term loans and proceeds from its recent senior notes offering. The deal expands TTM's A&D technology portfolio and is expected to be accretive to adjusted EBITDA immediately.
Key Events · M&A and Partnerships · TTMI
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Epiq Solutions Acquisition Completed
TTM closed its $1.1 billion all-cash acquisition of Epiq Solutions on September 30, 2026, adding AI-enabled software-defined radios, RF products, and radiation-tolerant space compute solutions to its A&D portfolio.
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$1.1B Incremental Term Loan Financing
TTM entered into a Third Amended and Restated Credit Agreement providing a $300 million Term A facility (maturing May 2031) and an $800 million Term B facility (seven-year maturity), with the Term B carrying a 2.00% margin over SOFR.
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Funding Sources for Purchase Price
The $1.1B purchase price was funded from the new incremental term loans plus a portion of proceeds from the previously completed $500 million 6.750% senior notes due 2034 offering.
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Financial Impact Guidance
Management expects the Epiq business to be immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP diluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028.
Analysis · TTMI · Manufacturing
Closing the $1.1 billion acquisition of Epiq Solutions on September 30, 2026, TTM Technologies funded the deal with a new $300 million Term A facility, an $800 million Term B facility, and proceeds from the previously completed $500 million senior notes offering. The transaction brings AI-enabled software-defined radios and RF products into TTM's aerospace and defense portfolio, with management expecting immediate accretion to adjusted EBITDA, moderate dilution to non-GAAP EPS in 2027, and accretion in 2028. The incremental term loans materially increase TTM's secured debt load, with the Term B facility carrying a 2.00% margin over SOFR and a seven-year maturity.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1609 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TTMI was trading at $122.47 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $12.9B. The 52-week trading range was $53.36 to $223.83. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.