On September 11, TTM Technologies Inc rose 5.75% in pre-market trading, trading at $128.65/share, with turnover of approximately $5.07 million. The rebound was driven by the company announcing the successful pricing of its $500 million senior notes due 2034 at a coupon rate of 6.75%, with settlement expected on September 24.

The notes offering is part of a broader approximately $1.6 billion financing package that also includes a $300 million Term Loan A and an $800 million Term Loan B, intended to fund the companys approximately $1.1 billion cash acquisition of Epiq Solutions. The deal, announced in August, aims to expand TTM Technologies Incs radio frequency, software-defined radio, and space computing portfolio, strengthening its position across defense markets including missile defense, communications, and electronic warfare. Management expects the acquisition to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028.

The prior trading session saw shares drop over 5% in pre-market activity when the large-scale debt financing plan was initially disclosed, as investors weighed balance sheet leverage risks. The successful pricing at defined terms appears to have alleviated near-term financing uncertainty, triggering a sharp reversal.

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