Movement Alert|TTM Technologies Inc Rises 5.15% in Regular Trading, Senior Notes Closing Approaching as EMS Sector Rallies

Market Focus
09/21

On September 21, TTM Technologies Inc rose 5.15% in regular trading, trading at $124.68 per share, with turnover of $48.09 million. The move came as the imminent closing of a major debt offering eased market concerns and a broad rally across the electronic manufacturing services sector provided additional tailwinds.

TTM Technologies Inc previously priced a $500 million offering of 6.75% senior notes due 2034, with the transaction expected to formally close on September 24. As the settlement date approaches, the market appears to have largely digested earlier concerns over the financing terms. Net proceeds from the notes, together with $300 million in Term Loan A and $800 million in Term Loan B borrowings, are intended to fund the companys approximately $1.1 billion cash acquisition of Epiq Solutions, a deal announced in August aimed at expanding TTMs radio frequency, software-defined radio, and space computing portfolio across defense end markets. Management has stated the transaction is expected to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028.

Within the Electronic Manufacturing Services sector, peers also posted solid gains, with Fabrinet up 3.86%, Celestica up 3.79%, Flex Ltd up 1.82%, TE Connectivity up 1.31%, and Jabil Circuit up 0.38%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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