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2 clusters · 2 sources · 23 days · First seen · Last updated

TTM Technologies acquisition of Epiq Solutions

Overview

TTM Technologies entered into a definitive agreement to acquire Epiq Solutions for approximately $1.1 billion in an all-cash transaction. The acquisition aims to vertically integrate TTM’s manufacturing capabilities with Epiq’s specialized technologies in software-defined radios, high-performance RF products, and radiation-hardened computing for sectors such as electronic warfare, missile defense, and space communications.

To fund the acquisition of Epiq Solutions, TTM Technologies priced a $500 million private offering of 6.750% senior notes due 2034. The company also intends to utilize proceeds from incremental senior secured term loans to finance the deal, while potentially using funds for general corporate purposes and reducing borrowings related to its acquisition of Swiss Technology Group AG.

Entities

Epiq Solutions · Bank of America · Swiss Technology Group AG · TTM Technologies · Edwin Roks

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    TTM Technologies prices $500 million in senior notes due 2034

    TTM Technologies has priced $500 million in senior notes due 2034 to fund the acquisition of Epiq Solutions and support the purchase of Swiss Technology Group AG.

  2. 24 days ago

    [BUSINESS] 4 sources
    TTM Technologies to acquire Epiq Solutions for $1.1 billion

    TTM Technologies will acquire Epiq Solutions for $1.1 billion in cash to expand its capabilities in software-defined radios, electronic warfare, and space-grade computing solutions.

Sources

marketwire.com · myotwartakultura.pl