TTM Technologies (TTMI) Announces Proposed $500M Offering of Senior Notes Due 2029

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TTM Announces Proposed Offering of $500 Million of Senior Notes Due 2029

February 23, 2021 7:45 AM EST

SANTA ANA, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM") announced today that it intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes due 2029 (the Notes) in a private offering exempt from registration under the Securities Act of 1933, as amended (the Securities Act). The Notes will be senior unsecured obligations of TTM and will be guaranteed by TTMs subsidiaries that guarantee its obligations under its term loan due September 2024 and its U.S. asset-based revolving credit facility (the U.S. ABL Facility),... More