TTM Technologies Secures $1.4B Credit Package

By Greg Peters • Thursday, June 04 10:51 • Permanent Link

TTM Technologies closed a new $1.0 billion cash flow senior secured revolver and a repriced, upsized senior secured term loan B totaling $400 million.

The term loan B was extended to May 2030 and priced at term SOFR plus 1.75%, a 50-basis-point reduction from the company’s prior term loan B commitments. TTM said the lower pricing is expected to produce cash interest savings over the remaining term.

On the revolving side, the company replaced two prior asset-based lending facilities — a $150 million U.S. facility and a $150 million Asia facility — with a new multi-currency revolver carrying $1.0 billion of maximum availability and maturing in May 2031.

TTM said the new credit package was completed to strengthen its financial position and provide flexibility for strategic initiatives. The company described the transaction as improving its long-term capital structure while supporting growth and shareholder value in 2026 and beyond. The market has reacted to these announcements by moving the company's shares -5.21% to a price of $179.72. If you want to know more, read the company's complete 8-K report here.

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