TTM Technologies, Inc. has entered into a Third Amended and Restated Credit Agreement dated September 30, 2026, to support its acquisition of Epiq Solutions. The new credit agreement amends and restates the company's Second Amended and Restated Credit Agreement from June 1, 2026.
Under the terms of the agreement, TTM has secured an incremental senior secured term loan A facility in the amount of $300 million and a seven-year incremental senior secured term loan B facility in the amount of $800 million. These funds were used to finance the purchase of Epiq Solutions.
On September 30, 2026, TTM completed the acquisition of all issued and outstanding membership interests of Epiq Solutions for approximately $1.1 billion in cash. The purchase price was paid to the seller, less certain transaction expenses and amounts held in escrow for potential post-closing adjustments. The company funded the transaction using a portion of the proceeds from the new term loans and a portion of the proceeds from a previously completed offering of 6.750% senior notes due 2034.
Following the acquisition, Epiq Solutions became a wholly-owned subsidiary of TTM. The company stated that the addition of Epiq is expected to be immediately accretive to adjusted EBITDA and moderately dilutive to non-GAAP diluted EPS in 2027, with accretion to non-GAAP diluted EPS projected for 2028.
