8-K: Current report filing
Published on June 14, 2024
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry Into a Material Definitive Agreement. |
On June 10, 2024, TTM Technologies, Inc. (the “Company”) entered into a First Amendment (the “Amendment”) to that certain Amended and Restated ABL Credit Agreement dated May 30, 2023 (the “U.S. ABL Agreement”), by and among the Company, the several lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Barclays Bank PLC, Bank of America, N.A. and Truist Securities, Inc. as Syndication Agents, and HSBC Securities (USA) Inc., as Documentation Agent. Pursuant to the Amendment, the U.S. ABL Agreement was amended to (1) modify the definition of “Permitted Additional Junior Lien Indebtedness” to clarify the Company’s ability to utilize the incremental term loan basket provided under the U.S. ABL Agreement and (2) modify Section 1.6 thereunder to generally include testing of Availability (as defined therein) under the provisions addressing Limited Condition Acquisitions (as defined therein).
The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which will be included as an exhibit to the Company’s next Quarterly Report on Form 10-Q to be filed with the Securities and Exchange Commission.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosure required by this Item is included in Item 1.01 and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| TTM TECHNOLOGIES, INC. | ||||||
| /s/ Daniel J. Weber |
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| Date: June 14, 2024 | By: | Daniel J. Weber | ||||
| Executive Vice President, Chief Legal Officer & Secretary | ||||||