TTM Technologies Announces $500M Senior Notes Offering to Fund Epiq Acquisition

What Happened

• On September 10, 2026, TTM Technologies, Inc. announced the commencement and pricing of a private offering of $500 million aggregate principal amount of senior notes due 2034. The notes were priced at a 6.750% coupon and the closing of the sale is expected to occur on September 24, 2026, subject to customary closing conditions.
• The notes will be senior unsecured obligations of TTM and will be guaranteed by the Company’s subsidiaries that guarantee its senior secured credit facilities (including its term loan B due 2030 and its revolving credit facility), subject to certain exceptions. TTM intends to use the net proceeds of the notes, together with expected borrowings of a $300 million incremental senior secured term loan A and a $800 million incremental senior secured term loan B, to fund the purchase price for the previously announced proposed acquisition of EDS Intermediate Holding, LLC (Epiq Solutions), for general corporate purposes (which may include reducing borrowings under the revolver), and to pay related fees and expenses.

Key Details

• $500 million aggregate principal amount of senior notes due 2034, coupon: 6.750%.
• Expected closing date: September 24, 2026 (subject to customary conditions).
• Notes are senior unsecured obligations, guaranteed by certain subsidiaries that guarantee TTM’s senior secured credit facilities.
• Planned financing package includes the notes plus expected borrowings of $300M (term loan A) and $800M (term loan B) to fund the Epiq Solutions acquisition and related costs.

Why It Matters

• This transaction provides the cash TTM says it needs to complete the announced acquisition of Epiq Solutions, shifting much of the purchase funding to debt rather than equity.
• The new 6.75% notes and the planned incremental term loans will increase the company’s outstanding debt and future interest expense, which can affect leverage and cash flow available for operations.
• Investors should watch closing outcomes, total post-transaction debt levels, and any updates on use of proceeds or impacts to the company’s credit agreements, liquidity, and earnings guidance.