Business context and reporting period
TTM Technologies, Inc. filed this Form 8-K for events occurring on September 30, 2026. It completed its acquisition of Epiq Solutions, which became a wholly owned subsidiary.
Key financial and transaction details
- TTM paid approximately $1.1 billion in cash for the acquisition, subject to customary working-capital and other adjustments. Certain transaction expenses were paid and amounts were placed in escrow for a potential post-closing purchase-price adjustment.
- On the closing date, TTM borrowed $300 million under an incremental senior secured Term A facility and $800 million under a seven-year incremental senior secured Term B facility.
- TTM used approximately $1.1 billion from portions of the incremental borrowings and proceeds from its previously completed offering of 6.750% senior notes due 2034 to fund the purchase price and acquisition-related fees and expenses.
- The incremental facilities are guaranteed by domestic subsidiaries, subject to exceptions, and secured by first-priority interests in substantially all tangible and intangible assets of TTM and the guarantors, subject to stated exclusions and limitations.
Changes, outlook, and risks
This is a transaction disclosure, not a periodic earnings report. It provides no revenue, profit, cash flow, margin, liquidity, or balance-sheet totals, and no comparable-period results or guidance. The new facilities create additional debt obligations; pricing and other facility-specific terms are not stated in the filing text provided. The facilities generally carry covenants and events of default similar to those under the prior credit agreement.
Important facts to verify
- Review the full credit agreement for interest rates, maturity and repayment terms, covenants, and default provisions.
- Check the final acquisition cost after working-capital and other purchase-price adjustments, including any escrow release or payment.
- Review subsequent financial disclosures for the acquisition’s effect on debt, liquidity, results, and cash flows.
- Review the furnished closing press release and any subsequent filings for additional transaction details or outlook.