TTM Technologies, a global manufacturer of technology solutions, closed and syndicated a $350 million senior secured term loan and a U.S. asset-based revolving credit facility with committed borrowing capacity of $150 million. J.P. Morgan is acting as administrative agent for both facilities.
TTM Technologies received $600 million in commitments from its lenders to support the company’s acquisition of Anaren. JPMorgan Chase served as administrative agent for the transaction.
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.
TTM Technologies increased its asset-based credit agreement from $150 million to $200 million. JPMorgan served as administrative agent for the transaction.