TTM Technologies makes $74.1 million payment on senior term loan B

By Tali Rackner

Norfolk, Va., March 7 – TTM Technologies, Inc. announced the principal payment of $74.1 million toward the $950 million senior secured term loan B, according to a press release.

The term loan was used to finance the acquisition of Viasystems on May 31, 2015.

“As planned, we were pleased to utilize a portion of the $118 million in free cash flow that TTM generated in the fourth quarter of 2015 toward our goal of debt reduction as we continue to focus on deleveraging the balance sheet,” chief financial officer Todd Schull said in the release.

TTM Technologies is a Costa Mesa, Calif.-based printed circuit board manufacturer.

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