Business Context and Reporting Period
Company: TTM Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 10, 2026
Principal Event: Commencement and pricing of a private offering of senior notes to fund the acquisition of Epiq Solutions.
Key Financial Metrics and Capital Structure
- Debt Issuance: $500 million aggregate principal amount of 6.750% senior notes due 2034.
- Debt Structure: Senior unsecured obligations guaranteed by subsidiaries that guarantee existing senior secured credit facilities.
- Additional Financing: Expected borrowings of $300 million incremental senior secured term loan A and $800 million incremental senior secured term loan B.
- Existing Facilities: Term loan B due 2030 and a revolving credit facility.
- Closing Date: Expected September 24, 2026, subject to customary conditions.
Note: This filing does not provide specific values for revenue, profit, cash flow, margins, or current liquidity ratios.
Material Changes and Strategic Actions
The primary material change is the execution of a significant capital raise to facilitate a major acquisition:
- Acquisition Target: EDS Intermediate Holding, LLC ("Epiq Solutions").
- Use of Proceeds: Net proceeds from the notes, combined with the incremental term loans, will fund the purchase price for Epiq Solutions, general corporate purposes, potential reduction of borrowings under the Revolving Credit Facility, and related fees and expenses.
Guidance, Outlook, and Risks
Management Commentary: The Company intends to utilize the new debt instruments specifically to close the previously announced acquisition of Epiq Solutions.
Risks and Contingencies:
- Forward-Looking Statements: The report contains predictions regarding future events; actual results may differ materially due to risks and uncertainties beyond the Company's control.
- Closing Conditions: The sale of the Notes is subject to customary closing conditions.
- Liability Disclaimer: Information in Item 7.01 and associated exhibits is not deemed "filed" under Section 18 of the Exchange Act and is not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the final closing of the $500 million 6.750% senior notes due 2034 on or around September 24, 2026.
- Confirm the successful execution of the $300 million Term Loan A and $800 million Term Loan B.
- Monitor the completion status of the acquisition of Epiq Solutions.
- Review the impact of the new debt load on the Company's leverage ratios and interest coverage in subsequent quarterly reports.
- Check for any updates regarding the reduction of the Revolving Credit Facility as intended by management.