Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 149

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 149
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2024, and January 2, 2023, respectively. Under the occurrence of certain events, the ABL Revolving Loans are subject to various financial covenants, including leverage and fixed charge coverage ratios.Debt Issuance Costs and Debt DiscountRemaining unamortized debt issuance costs and debt discount were as follows: 

        As of December 30, 2024
         
        As of January 1, 2024

        DebtIssuance Costs

        DebtDiscount

        EffectiveInterest Rate
         
        DebtIssuance Costs

        DebtDiscount

        EffectiveInterest Rate

        (In thousands, except interest rates)

        Senior Notes due March 2029
         
        $
        3,362

        $
        —

        4.18
         
        %
         
        $
        4,085

        $
        —

        4.18
         
        %

        Term Loan due May 2030

        3,589

        2,840

        8.01

        3,936

        3,268

        8.26

        Total
         
        $
        6,951

        $
        2,840

        $
        8,021

        $
        3,268

       The above debt issuance costs and debt discount are recorded as a reduction of the debt and are amortized into interest expense using an effective interest rate over the duration of the debt.

81

TTM TECHNOLOGIES, INC. Notes to Consolidated Financial Statements — (Continued)

Remaining unamortized debt issuance costs for the ABL Revolving Loans of $1,239 and $1,603 as of December 30, 2024 and January 1, 2024, respectively, are included in deposits and other non-current assets and are amortized to interest expense over the duration of the ABL Revolving Loans using the straight-line method of amortization.As of December 30, 2024, the remaining weighted average amortization period for all unamortized debt issuance costs and debt discount was 4.8 years.Debt CovenantsAs of December 30, 2024, the Company was in compliance with the financial covenants under the Senior Notes due 2029, Term Loan Facility, and ABL Revolving Loans.Loss on Extinguishment of DebtDuring the year ended January 1,