TTM Technologies (TTMI) said late Wednesday it closed a new $1 billion cash flow senior secured revolver and a repriced and upsized $400 million senior secured term loan B.

The new term loan B has been priced at Term SOFR + 1.75%, a reduction of 50 basis points from prior commitments, the company said.

The revolver has a maximum availability of $1 billion and matures in May 2031, replacing the company's prior $150 million US and $150 million Asia asset-based lending facilities.