TTMI TTM Technologies, Inc.
Price Chart
Executive Summary
TTM Technologies closed a $1.0B senior secured revolver and a repriced/upsized $400M Term Loan B, replacing prior ABL facilities and reducing TLB pricing by 50bps. The refinancing strengthens the balance sheet and provides liquidity for strategic initiatives, but is a routine capital structure optimization with no direct revenue or earnings impact.
Key Financial Metrics
Actionable Insight
This is a routine refinancing that improves liquidity and reduces interest costs modestly. No immediate stock catalyst. Monitor upcoming quarterly earnings for evidence of strategic deployment of the enhanced balance sheet (e.g., M&A or capex).
Key Facts
- Closed a new $1.0B multi-currency cash flow senior secured revolver maturing May 2031, replacing prior $150M U.S. and $150M Asia ABL facilities.
- Repriced and upsized senior secured Term Loan B to $400M aggregate principal, due May 2030, at Term SOFR+1.75% (50bps reduction from prior TLB).
- Reduced TLB pricing expected to provide meaningful cash interest savings over remaining term.
- Announced in conjunction with plans communicated during May 27th Investor Day presentation.
Financial Impact
New $1.0B revolver and $400M TLB; TLB pricing reduced by 50bps to SOFR+1.75%.
Risk Factors
- Increased leverage from upsized TLB ($400M vs. prior amount not disclosed) could pressure credit metrics if cash flow weakens.
- No specific guidance on use of revolver proceeds beyond strategic initiatives; potential for dilutive M&A.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3306436 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
3d ago
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Press Release
| $184.84 $167.62 | ▼ −9.32% | ▼ −6.74% | $167.62 (−9.32%) |
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Jun 3, 2026
3d ago
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8-K
| $184.84 $167.62 | ▼ −9.32% | ▼ −6.74% | $167.62 (−9.32%) |
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May 27, 2026
10d ago
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8-K
| — | awaiting T+1 | — | — |
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May 18, 2026
19d ago
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8-K
| — | awaiting T+1 | — | — |
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May 8, 2026
29d ago
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8-K
| $162.99 $162.99 | · 0.00% | ▲ +0.14% | $167.62 (+2.84%) |
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May 1, 2026
5w ago
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144
| $158.99 $157.47 | ▼ −0.96% | ▼ −0.61% | $167.62 (+5.43%) |
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Apr 15, 2026
7w ago
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Press Release
| $116.93 $126.24 | ▲ +7.96% | ▲ +6.75% | $167.62 (+43.35%) |
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Apr 1, 2026
9w ago
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144
| $97.08 $97.48 | ▲ +0.41% | ▲ +0.33% | $167.62 (+72.66%) |
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Mar 19, 2026
11w ago
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DEFA14A
| $91.54 $101.42 | ▲ +10.79% | ▲ +9.69% | $167.62 (+83.11%) |
US Market Status
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