What changed
TTM funded the purchase with a $300 million incremental senior secured term loan A, an $800 million incremental senior secured term loan B, and proceeds from its 6.750% senior notes due 2034. Epiq adds AI-enabled software-defined radios, high-performance RF products, and radiation-tolerant space compute solutions for signals intelligence and electronic warfare. The deal is expected to be immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP diluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028.
Why it matters
TTM funded the purchase with a $300 million incremental senior secured term loan A, an $800 million incremental senior secured term loan B, and proceeds from its 6.750% senior notes due 2034. Epiq add