TTM TECHNOLOGIES, INC. (NASDAQ:TTMI) Files An 8-K Other EventsItem 8.01. Other Events.
On February21, 2018, TTM Technologies, Inc. (the “Company”) announced the completion of allocation of $600million of commitments from lenders in the syndication for incremental term loans under its existing Term Loan Credit Agreement (the “Term Loan Credit Agreement”). The incremental term loans are expected to be issued with 0.25% of original issue discount, have an interest rate of LIBOR + 2.50% and have terms otherwise identical to the terms of the existing term loans under the Term Loan Credit Agreement. The closing of the incremental term loans is expected to occur concurrently with the closing of the Company’s pending acquisition of Anaren Inc., which in turn is expected to occur shortly after the receipt of all required regulatory approvals for the transaction.
Item 8.01 – Financial Statements and Exhibits.
| 99.1 | Press Release dated February21, 2018 |
TTM TECHNOLOGIES INC ExhibitEX-99.1 2 d467695dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 TTM Technologies,…To view the full exhibit click here
About TTM TECHNOLOGIES, INC. (NASDAQ:TTMI)
TTM Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating segments include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. It serves a range of customer base, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries.
