Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, BofA Securities, Inc. and Barclays Capital Inc., in connection with a Rule 144A/Regulation S offering by TTM Technologies, Inc. (“TTM”) of $500 million aggregate principal amount of 6.750% Senior Notes due 2034. TTM intends to use the net proceeds from this offering, together with borrowings under the incremental term loan facilities, to fund the purchase price for the proposed acquisition of Epiq Design Solutions LLC, for general corporate purposes, which may include the reduction of any amounts TTM may borrow under its revolving credit facility to fund the purchase price for the proposed acquisition of Swiss Technology Group AG, and to pay fees and expenses related to the transactions.
TTM is a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including printed circuit boards and substrates.
The Simpson Thacher team includes David Azarkh, Evan Zuckerman, Jacob Broz and Santiago Peralta Ramos (Capital Markets); James Talbot and Kim Le (Intellectual Property); Michael Mann (Tax); George M. Gerstein and Christopher Torikoglu (ERISA); and Jennie Getsin (FINRA).