Recent Updates — TTMI

TTM Technologies completed its acquisition of Epiq Solutions for approximately $1.1 billion in cash on September 30, 2026. The transaction was funded through a combination of proceeds from a previously issued offering of 6.750% senior notes due 2034 and new incremental debt facilities consisting of a $300 million Term A loan and an $800 million seven-year Term B loan, both secured by the company's assets. Epiq Solutions is a provider of AI-enabled software-defined radios and high-performance RF products for mission-critical signals intelligence and electronic warfare applications. This acquisition enhances TTM’s Aerospace & Defense portfolio through complementary open-architecture technologies and vertical integration capabilities across land, air, sea, and space domains. Financial contributions from Epiq are expected to be immediately accretive to adjusted EBITDA and non-GAAP diluted EPS by 2028. TTM Technologies is a global manufacturer of mission systems, RF components, microwave assemblies, and advanced interconnect products including PCBs.

TTM Technologies completed a private offering of $500 million in aggregate principal amount of its 6.750% senior notes due October 1, 2034. The notes were priced at par and bear interest payable semi-annually on April 1 and October 1, beginning April 1, 2027. Proceeds will fund the acquisition of EDS Intermediate Holding, LLC, alongside incremental term loans, while also allowing for repayment of borrowings related to the Swiss Technology Group AG acquisition. The indenture restricts dividends and includes a special mandatory redemption clause if the EDS acquisition does not close by November 15, 2026. TTM Technologies manufactures electronic communications and radar systems.

TTM Technologies priced $500 million in aggregate principal amount of its 6.750% senior notes due 2034 in a private offering on September 10, 2026. The sale is expected to close on September 24, 2026. TTM intends to use the net proceeds from this offering, combined with $300 million in incremental term loan A and $800 million in incremental term loan B borrowings, to fund the purchase price for its previously announced acquisition of EDS Intermediate Holding LLC (Epiq Solutions). The company may also use funds for general corporate purposes or to reduce existing revolving credit facility borrowings related to a separate proposed acquisition of Swiss Technology Group AG. TTM Technologies is a global manufacturer of technology products including mission systems, radio frequency components, and printed circuit boards.

TTM Technologies, Inc. announced the acquisition of Epiq Solutions for $1.1 billion in cash, subject to customary working capital adjustments and regulatory approvals under the Hart-Scott-Rodino Act. The transaction is expected to close in Q4 2026, with a termination fee of $77 million if regulatory approval fails. TTM secured committed financing via incremental senior secured term loans totaling $1.1 billion from JPMorgan Chase, Barclays, and Bank of America. The acquisition enhances TTM's vertical integration in defense mission areas including missile defense, space communications, and electronic warfare. TTM Technologies is a leading global manufacturer of technology products, including mission systems, radio frequency components, and advanced interconnect products like printed circuit boards.

TTM Technologies reported second quarter 2026 financial results for the period ending June 29, 2026. Net sales reached $1.0 billion, a 37% year-over-year increase and an all-time quarterly record. GAAP net income was $83.0 million, or $0.77 per diluted share, while non-GAAP net income rose to $106.9 million, or $0.99 per diluted share. Adjusted EBITDA totaled $166.8 million with a 16.6% margin. The company provided third quarter guidance estimating net sales between $1.10 billion and $1.14 billion and non-GAAP EPS of $1.21 to $1.27. Full-year 2026 expectations were raised to approximately $4.4 billion in net sales and non-GAAP EPS approaching $5.00. TTM Technologies operates as a global manufacturer of technology products, including mission systems, RF components, and printed circuit boards.

TTM Technologies, Inc. entered into definitive stock purchase agreements to acquire Swiss Technology Group AG and ILFA GmbH in separate all-cash transactions. These acquisitions are subject to regulatory approvals. TTM Technologies, Inc. operates in the technology manufacturing sector, providing advanced printed circuit boards and electronic components.