On September 21, TTM Technologies Inc rose 5.08% in pre-market trading, trading at 122.3 USD/share, with turnover of $2.4229 million. The stock continued its rebound trajectory as the settlement date for its $500 million senior notes offering approaches.

On the news front, TTM Technologies previously completed the pricing of $500 million in 6.75% senior notes due 2034, with the offering expected to formally close on September 24. As the settlement date draws near, market concerns over the companys financing plan have been steadily absorbed. The notes issuance, together with a $300 million Term Loan A and an $800 million Term Loan B, forms an aggregate $1.6 billion financing package designed to fund the approximately $1.1 billion cash acquisition of Epiq Solutions. The acquisition is intended to expand TTM Technologies capabilities in radio frequency, software-defined radio, and space computing, strengthening its position across defense markets including missile defense, communications, and electronic warfare. The company previously stated it expects the deal to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028.

Within the Electronic Manufacturing Services sector, stocks broadly advanced, with Fabrinet up 3.69%, Celestica up 2.78%, Jabil Circuit up 2.31%, TE Connectivity up 1.35%, and Sanmina up 0.73%.

(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.)