On September 28, TTM Technologies Inc fell 5.05% in regular trading, trading around $122.84 per share, with turnover of approximately $24.82 million. The decline was driven by growing market concerns over the company's substantial debt load tied to its acquisition of Epiq Solutions.

TTM Technologies Inc recently launched a total financing package of approximately $1.6 billion to fund its proposed $1.1 billion cash acquisition of Epiq Solutions. The financing comprises $500 million in 6.75% senior notes due 2034, a $300 million Term Loan A, and an $800 million Term Loan B. The senior notes were priced on September 11 with an expected completion date of September 24. The acquisition aims to expand TTM's portfolio in radio frequency, software-defined radio, and space computing, strengthening its vertical integration across defense markets including missile defense, communications, signals intelligence, and electronic warfare.

While management has indicated the deal is expected to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted earnings per share by 2028, the scale of the debt financing appears to be weighing on investor sentiment as the transaction moves toward closing.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)