TTM Technologies refinances debt with $1B revolver and $400M term loan at lower rate

Filed June 3, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

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  Replaced two $150M asset-based revolvers with new $1B cash flow revolver maturing May 2031, significantly expanding liquidity capacity and extending maturity by ~3 years.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Upsized term loan from $340.4M to $400M and reduced interest rate by 50 basis points to Term SOFR + 1.75%, generating meaningful cash interest savings through 2030 maturity.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  New credit agreement restricts TTM's ability to pay dividends or make distributions on capital stock, limiting flexibility to return capital to shareholders.

  Item 3.03 — Material Modification to Rights of Security Holders verify on EDGAR →