TTM Technologies prices USD 500 million 6.750% senior notes due 2034 at par in private offering
Bitget2026/09/24 20:07- TTM Technologies closed a private offering of USD 500 million 6.750% senior notes due 2034, priced at par.
- Proceeds earmarked for the EDS Intermediate Holding acquisition, supported by expected borrowings under USD 300 million incremental term loan A.
- Financing package also includes an expected USD 800 million incremental senior secured term loan B.
- Notes pay semi-annual cash interest starting April 1, 2027, with maturity on Oct. 1, 2034.
- Mandatory redemption triggered if the EDS acquisition fails to close by Nov. 15, 2026, extendable to May 15, 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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