Log in to your IBTimes Account

close
ID
Password

Underwriters buy additional notes from TTM



By AP
22 May 2008 @ 10:02 am EST

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.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
TTMI 8.65 0.36

SYMBOL LOOKUP

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.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
The chief executive of Chrysler LLC said Monday that his company hasn't reached any new deals with other automakers but has spoken with outside parties i...
Chief executives of the nation's biggest financial institutions are accustomed to frequenting the marbled corridors and storied rooms of the Treasury Dep...
Cardiac diagnostics company Cardiac Science Corp. said Monday it will issue a software fix for some of its automatic external defibrillators. The company...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives