On September 21, TTM Technologies Inc rose 5.15% in regular trading, trading at $124.68 per share, with turnover of $48.09 million. The move came as the imminent closing of a major debt offering eased market concerns and a broad rally across the electronic manufacturing services sector provided additional tailwinds.

TTM Technologies Inc previously priced a $500 million offering of 6.75% senior notes due 2034, with the transaction expected to formally close on September 24. As the settlement date approaches, the market appears to have largely digested earlier concerns over the financing terms. Net proceeds from the notes, together with $300 million in Term Loan A and $800 million in Term Loan B borrowings, are intended to fund the companys approximately $1.1 billion cash acquisition of Epiq Solutions, a deal announced in August aimed at expanding TTMs radio frequency, software-defined radio, and space computing portfolio across defense end markets. Management has stated the transaction is expected to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028.

Within the Electronic Manufacturing Services sector, peers also posted solid gains, with Fabrinet up 3.86%, Celestica up 3.79%, Flex Ltd up 1.82%, TE Connectivity up 1.31%, and Jabil Circuit up 0.38%.

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