SANTA ANA, Calif. - Circuit board maker TTM Technologies Inc. said Thursday the underwriters of its offering of convertible senior notes have exercised their overallotment option to buy an additional $20 million of the notes.
| TTMI | 8.65 |
TTM's offering of the 3.25 percent senior convertible notes due 2015 closed on May 14.
Including the additional notes purchased by the underwriters, the offering totaled $175 million of notes. The net proceeds totaled about $169.5 million, after deducting underwriting discounts and estimated expenses.
TTM plans to use some of the net proceeds for general corporate purposes, including potential acquisitions.
TTM shares fell 10 cents to $15.43 in morning trading.

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