TTM Technologies prices $500 million of 6.750% senior notes due 2034 at par in private offering
TTMI•TTM Technologies closed a private offering of $500 million in 6.750% senior notes due 2034, priced at par, to help fund its planned EDS Intermediate Holding acquisition. The financing package also includes expected incremental term loans of $300 million and $800 million.
1. Offering and financing
TTM Technologies closed a private offering of $500 million in 6.750% senior notes due 2034, priced at par. Proceeds are earmarked for the EDS Intermediate Holding acquisition, alongside expected borrowings under a $300 million incremental term loan A and an expected $800 million incremental senior secured term loan B. The notes pay cash interest semi-annually beginning April 1, 2027, and mature on October 1, 2034. Mandatory redemption is triggered if the acquisition does not close by November 15, 2026, a deadline that can be extended to May 15, 2027.
