TTM Technologies Secures Upsized $400M Term Loan and Expands Revolving Credit to $1.0B, Reducing Borrowing Costs
TTMI has more than doubled off its 52-week low of $29.91.
Summary
TTM Technologies has finalized a new credit agreement, including an upsized $400 million term loan with reduced interest rates and a new $1.0 billion revolving credit facility, significantly enhancing its financial flexibility and liquidity.
Key Events · Financing and Capital Events · TTMI
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New Term Loan Facility
The company entered into a Second Amended & Restated Credit Agreement, providing a repriced and upsized $400.0 million senior secured term loan facility. This refinances the prior $340.4 million outstanding term loan, effectively increasing the facility by $59.6 million.
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Reduced Borrowing Costs
The new term loan is priced at Term SOFR + 1.75%, a reduction of 50 basis points compared to the prior term loan, which is expected to provide meaningful cash interest savings.
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Expanded Revolving Credit Facility
A new senior secured cash flow revolving credit facility with a committed maximum borrowing capacity of up to $1.0 billion has been established. This replaces the company's existing $150.0 million U.S. ABL and $150.0 million Asia ABL facilities, representing a $700 million increase in revolving credit capacity.
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Extended Maturities
The new revolving credit facility is scheduled to mature in May 2031, and the term loan facility maintains its scheduled maturity date of May 30, 2030.
Analysis · TTMI · Manufacturing
TTM Technologies has significantly strengthened its capital structure by securing a new credit agreement. The repriced and upsized $400 million term loan reduces borrowing costs by 50 basis points, which will lead to meaningful cash interest savings. Furthermore, the company has replaced its existing $300 million asset-based lending facilities with a substantially larger $1.0 billion revolving credit facility. This provides a significant increase in liquidity and financial flexibility, enabling the company to pursue strategic initiatives and support future growth.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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 $187.39 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $19.7B. The 52-week trading range was $29.91 to $200.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.