TTM Technologies, Inc. $155,000,000 Convertible Senior Notes due 2015 |
Free Writing Prospectus Filed Pursuant to Rule 433 Registration No. 333-148687 |
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| Security Information | ||
Company name |
TTM Technologies, Inc. | |
Security |
Convertible Senior Notes | |
Registration format |
Registered offering | |
CUSIP |
87305RAC3 | |
ISIN |
US87305RAC34 | |
Ranking |
Senior | |
Common stock ticker |
NASDAQ: “TTMI” | |
| Size | ||||||||
| Bonds | Proceeds | |||||||
Base deal |
155,000 | $ | 155,000,000 | |||||
Underwriters’ option |
20,000 | $ | 20,000,000 | |||||
Total |
175,000 | $ | 175,000,000 | |||||
| Terms | ||||
Par amount per bond |
$ | 1,000 | ||
Issue price |
$ | 1,000 | ||
Coupon |
3.25 | % | ||
Conversion premium |
27.50 | % | ||
Last sale of common |
$ | 12.52 | ||
Conversion price |
$ | 15.96 | ||
Conversion ratio |
62.6449 | |||
| Dates | ||||
Trade Date |
05/09/08 | |||
Settlement Date |
05/14/08 | |||
Maturity |
7 Years | |||
Maturity Date |
05/15/15 | |||
Coupon Payment Dates |
05/15,11/15 | |||
First Coupon Date |
11/15/08 | |||
| Call Schedule | ||
| First call date | Call Price | |
None
|
N/A | |
| Put Schedule | ||
| Put schedule | Put Price | |
None |
N/A | |
| Underwriting | Economics | |||||
| Book-Runners | JPMorgan |
60.00 | % | |||
UBS Investment Bank |
40.00 | % | ||||
| Economics Breakdown | ||||||||
Gross Spread (per note) |
$ | 28.750 | 2.875 | % | ||||
The notes and the common stock issuable upon conversion of the notes have been registered under the
Securities Act of 1933, as amended.
This communication shall not constitute an offer to sell nor the solicitation of an offer to buy
securities, nor shall there be any sale of these securities, in any state in which such solicitation
or sale would be unlawful prior to registration or qualification of these securities under the laws
of any such state.
A copy of the prospectus supplement and the accompanying prospectus for the offering of the
convertible notes may be obtained by contacting J.P. Morgan Securities Inc., 1 Chase Manhattan
Plaza, 5th floor, New York, NY 10081, telephone number (718) 242-8002, or UBS Investment Bank, Prospectus Department, 299 Park
Avenue, New York, New York 10171, telephone number (888) 827-7275.
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TTM Technologies, Inc.
$155,000,000 Convertible Senior Notes due 2015
$155,000,000 Convertible Senior Notes due 2015
Adjustment to shares delivered upon conversion upon certain Fundamental Changes
Assumptions: |
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Stock price at issue |
$ | 12.52 | ||
Conversion premium |
27.50 | % | ||
Conversion price |
$ | 15.96 | ||
Face value |
$ | 1,000.00 | ||
Conversion ratio |
62.6449 |
| Effective date | $12.52 | $13.00 | $14.00 | $15.00 | $16.00 | $17.00 | $18.00 | $19.00 | $20.00 | $25.00 | $30.00 | $35.00 | $40.00 | $45.00 | $50.00 | |||||||||||||||||||||||||||||||||||||||||||||
5/14/2008 |
17.2273 | 18.6614 | 16.5674 | 14.8247 | 13.3578 | 12.1106 | 11.0409 | 10.1158 | 9.3098 | 6.4885 | 4.8300 | 3.7580 | 3.0161 | 2.4756 | 2.0662 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2009 |
17.2273 | 18.5514 | 16.3488 | 14.5273 | 13.0038 | 11.7171 | 10.6204 | 9.6780 | 8.8622 | 6.0535 | 4.4467 | 3.4305 | 2.7388 | 2.2410 | 1.8671 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2010 |
17.2273 | 18.3936 | 16.0546 | 14.1343 | 12.5407 | 11.2054 | 10.0764 | 9.1141 | 8.2879 | 5.5043 | 3.9689 | 3.0267 | 2.3999 | 1.9564 | 1.6271 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2011 |
17.2273 | 18.1098 | 15.6023 | 13.5623 | 11.8857 | 10.4949 | 9.3314 | 8.3503 | 7.5170 | 4.7919 | 3.3648 | 2.5260 | 1.9865 | 1.6135 | 1.3409 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2012 |
17.2273 | 17.6530 | 14.9251 | 12.7311 | 10.9510 | 9.4948 | 8.2946 | 7.2981 | 6.4651 | 3.8595 | 2.6007 | 1.9103 | 1.4884 | 1.2066 | 1.0045 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2013 |
17.2273 | 16.8694 | 13.8406 | 11.4434 | 9.5350 | 8.0072 | 6.7773 | 5.7819 | 4.9721 | 2.6264 | 1.6487 | 1.1762 | 0.9118 | 0.7433 | 0.6244 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2014 |
17.2273 | 15.4621 | 11.9401 | 9.2260 | 7.1416 | 5.5458 | 4.3265 | 3.3968 | 2.6884 | 0.9970 | 0.5320 | 0.3740 | 0.2990 | 0.2512 | 0.2156 | |||||||||||||||||||||||||||||||||||||||||||||
5/15/2015 |
17.2273 | 14.2660 | 8.7723 | 4.0112 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | |||||||||||||||||||||||||||||||||||||||||||||
| • | If the stock price is between two stock price amounts in the table or the effective date is between two effective dates in the table, the number of additional shares will be determined by a straight-line interpolation between the number of additional shares set for the higher and lower stock price amounts and the two dates, as applicable, based on a 365-day year | |
| • | If the stock price is greater than $50.00 per share (subject to adjustment), no additional shares will be issued upon conversion; and | |
| • | If the stock price is less than $12.52 per share (subject to adjustment), no additional shares will be issued upon conversion. | |
| • | Notwithstanding the foregoing, in no event will the total number of shares of common stock issuable upon conversion exceed 79.8722 per $1,000 principal amount of notes, subject to adjustment in the same manner as the conversion rate as set forth under “-Conversion rate adjustments.” |
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