Daily News: September 7, 2017

Barclays, JPMorgan Lead TTM $350MM Debt Refinancing


TTM Technologies has begun to syndicate a $350 million senior secured term loan. Barclays and JPMorgan Chase are acting as joint lead arrangers and joint book runners. Deutsche Bank Securities and SunTrust Robinson Humphrey will act as co-arrangers.

Actual terms of the new term loan, including principal amount, interest rate and maturity, will depend on market and other conditions.

TTM intends to apply the proceeds from the new term loan, together with any proceeds from potential additional debt financing, to refinance the indebtedness outstanding under TTM’s existing term loan facility and reduce the amounts outstanding under TTM’s revolving credit facilities, as well as to pay related fees, costs and expenses.

Cosa Mesa, CA-based TTM Technologies is a global printed circuit board manufacturer.