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.
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