TTM Technologies Closes $500M Senior Notes Offering to Fund Acquisition

Executive Summary

On September 24, 2026, TTM Technologies, Inc. completed a private offering of $500 million aggregate principal amount of 6.750% senior notes due October 1, 2034. The Notes were issued at par pursuant to an Indenture dated September 24, 2026, with U.S. Bank Trust Company, National Association serving as Trustee.

Key Terms & Structure of the Notes

• Principal Amount: $500,000,000
• Coupon / Interest Rate: 6.750% per annum, payable semi-annually on April 1 and October 1, commencing April 1, 2027.
• Maturity Date: October 1, 2034.
• Guarantees & Ranking: Jointly and severally guaranteed on a senior unsecured basis by subsidiaries guaranteeing existing credit facilities. Pari passu with all existing and future senior unsecured debt, effectively subordinated to secured debt (including Term Loan and Revolving Credit facilities), and structurally subordinated to non-guarantor subsidiary liabilities.
• Redemption Provisions:
  • Prior to October 1, 2029: Up to 40% redeemable via equity offerings at 106.750%; make-whole call available for all or part of the Notes.
  • On or after October 1, 2029: Callable at specified redemption prices.
  • Special Mandatory Redemption: At 100% plus accrued interest if the acquisition of EDS Intermediate Holding, LLC is not completed by November 15, 2026 (subject to extension to May 15, 2027).
  • Change of Control: Put option at 101% of principal.

Use of Proceeds

TTM Technologies intends to use the net proceeds, along with anticipated borrowings of $300 million under an incremental Term Loan A and $800 million under an incremental Term Loan B, to:

1. Finance the purchase price for the acquisition of EDS Intermediate Holding, LLC.
2. Fund general corporate purposes, including paying down revolving credit facility borrowings used for the acquisition of Swiss Technology Group AG.
3. Cover associated transaction fees and expenses.