TTM Technologies falls after unveiling debt package to fund Epiq, STG acquisitions

TTM Technologies

10/09/2026 13:49

** Shares of U.S. circuit board maker TTM Technologies TTMI.O fall more than 6% to $116.70 premarket
** Co proposes offering $500 million in senior unsecured notes due 2034, sold privately to qualified institutional investors
** Co expects proceeds, plus a $300 million incremental Term Loan A and an $800 million incremental Term Loan B, to fund its acquisition of Epiq Solutions, cover related fees
** Co also expects to use proceeds to fund reduction of any amounts co may borrow under the Revolving Credit Facility used for its acquisition of Swiss Technology Group AG
** Co says bond sale and the Epiq Solutions deal are independent of each other
** All five brokerages covering the stock rate it "buy" or above; median PT at $208 - data compiled by LSEG
** As of last close, stock has risen 80% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))