TTM Announces Closing of New Term Loan Facility and New U.S. ABL Facility
SANTA ANA, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) ("TTM"), a leading global manufacturer of technology solutions including mission systems, radio frequency ("RF") components and RF microwave/microelectronic assemblies and printed circuit boards ("PCBs"), today announced the closing and syndication of a new $350 million senior secured term loan (the "New Term Loan Facility") and the closing of a new U.S. asset-based revolving credit facility with committed borrowing capacity of $150 million (the "New U.S. ABL Facility"). The New Term Loan Facility, which matures May 2030, amends and restates TTM's previous senior secured term loan facility that was sc
