{"url_path":"/sec/ttmi/8-k/2026-06-03/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry Into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1116942/0001193125-26-255711-index.html","accession_number":"0001193125-26-255711","cik":"0001116942","ticker":"TTMI","issuer_name":"TTM TECHNOLOGIES INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1116942/0001193125-26-255711-index.html","primary_entity_key":"0001116942","primary_entity_name":"TTM TECHNOLOGIES INC"},"word_count":913,"has_tables":true,"body_markdown":"Item 1.01.\n\nEntry Into a Material Definitive Agreement.\n\nOn June 1, 2026 (the “Closing Date”), TTM Technologies, Inc. (the “Company”) entered into a Second Amended & Restated Credit Agreement by and among the Company, the foreign subsidiary borrowers party thereto, any designated borrowers party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the several lenders from time to time parties thereto (the “2026 Credit Agreement”). The 2026 Credit Agreement amends and restates the Company’s existing Amended & Restated Term Loan Credit Agreement, dated as of May 30, 2023, by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and the several lenders from time to time parties thereto, as amended by the First Amendment dated as of August 1, 2024, and provides for a Term Loan Facility (as defined below) and a Revolving Credit Facility (as defined below).\n\nTerm Loan Facility\n\nThe 2026 Credit Agreement provides for a repriced and upsized $400.0 million senior secured term loan credit facility (the “Term Loan Facility”) that amends and restates the Company’s existing senior secured term loan credit facility (the “Prior Term Loan Facility”), under which $340.4 million of indebtedness was outstanding. In addition, the 2026 Credit Agreement will permit the Company to add one or more senior secured incremental term loan facilities to the Term Loan Facility subject to the satisfaction of certain conditions.\n\nOn the Closing Date, the Company used proceeds from the Term Loan Facility to refinance the full amount of indebtedness outstanding under the Prior Term Loan Facility, as well as to pay related fees and expenses. The Term Loan Facility borrowings bear interest at an interest rate of Term SOFR (the forward-looking secured overnight financing rate) plus a margin of 1.75%, reducing the Company’s cost of borrowing by 50 basis points as compared to the Prior Term Loan Facility. The Term Loan Facility continues to require the Company to make quarterly principal repayments in an aggregate annual amount equal to 1% of the initial aggregate principal amount of the Term Loan Facility. The Term Loan Facility maintains the same scheduled maturity date of May 30, 2030 as the Prior Term Loan Facility.\n\nRevolving Credit Facility\n\nIn addition, the Credit Agreement provides for a new senior secured cash flow revolving credit facility with committed maximum borrowing capacity of up to $1.0 billion (the “Revolving Credit Facility”) that replaces (a) the Company’s existing $150.0 million U.S. asset-based revolving credit facility, which was scheduled to mature in May 2028 and (b) the Company’s existing $150.0 million Asia asset-based revolving credit facility, which was scheduled to mature in June 2028. Unless previously terminated in accordance with its terms, the Revolving Credit Facility is scheduled to mature in May 2031.\n\nThe Revolving Credit Facility includes a letter of credit subfacility with a sublimit of $200.0 million. Borrowings under the Revolving Credit Facility, which the Company may draw upon from time to time, bear interest at an interest rate of Term SOFR plus a margin ranging from 1.25% to 2.25%. The Company is also required to pay certain fees in connection with the Revolving Credit Facility, including unused commitment fees based on the average daily unused portion of the Revolving Credit Facility, ranging from 0.15% to 0.35% on an annual basis based on leverage. The proceeds of the loans may be used to finance working capital needs and for general corporate purposes.\n\nThe obligations under the 2026 Credit Agreement are unconditionally guaranteed by each of the Company’s direct and indirect, existing and future domestic subsidiaries, subject to certain exceptions (collectively, the “Guarantors”). In addition, subject to certain exclusions and limitations, the obligations of the Company and each Guarantor in respect of the 2026 Credit Agreement are secured by a perfected first priority security interest in substantially all of the tangible and intangible assets of the Company and the Guarantors, including all of the capital stock held by the Company and the Guarantors (subject to a limitation of 65% on pledges of capital stock of certain foreign subsidiaries and domestic holding companies of foreign subsidiaries).\n\nThe 2026 Credit Agreement contains certain affirmative and restrictive covenants that the Company must comply with, including (a) limitations on additional indebtedness, (b) limitations on liens, (c) limitations on investments, (d) limitations on the issuance of dividends and (e) limitations on fundamental changes, as well as other customary covenants for credit facilities of this type. The 2026 Credit Agreement contains customary maintenance financial covenants applicable solely to the Revolving Credit Facility. Specifically, the Company is required to maintain a minimum consolidated interest coverage ratio of at least 2.50:1.00 and a maximum consolidated leverage ratio of not greater than 4.50:1.00 as of the end of each fiscal quarter. The maximum consolidated leverage ratio is subject to a customary acquisition holiday that permits the level to increase to 5.00:1.00 for the fiscal\n\nquarter in which a qualifying material acquisition is consummated and the following three fiscal quarters. Upon an event of default that is not cured or waived within any applicable cure periods, in addition to other remedies that may be available to the lenders, the obligations under the 2026 Credit Agreement may be accelerated.\n\nA copy of the 2026 Credit Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K (“Report”) and incorporated herein by reference thereto. The foregoing summary of the 2026 Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the 2026 Credit Agreement."}