{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-293643","form_type":"8-K","ticker":"CTS","cik":"0000026058","company_name":"CTS CORP","filed_at":"2025-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.639986+00:00","generated_at":"2026-05-16T17:25:38.576701+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"CTS Corporation enters into $300M unsecured revolving credit facility, replacing prior $400M facility","bullets":["New $300M revolving facility with Wells Fargo as administrative agent; expires November 2025.","Proceeds used to repay $63.3M outstanding under previous $400M credit facility terminated Nov 24, 2025.","Covenants: net leverage ≤ 3.5:1 (4.25:1 for up to four quarters after $100M+ acquisition), interest coverage ≥ 3.0:1.","Incremental capacity up to greater of $125M or 100% EBITDA, subject to pro forma net leverage ≤ 3.0:1."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-293643","json":"https://secwatch.observer/filing/0001193125-25-293643.json","markdown":"https://secwatch.observer/filing/0001193125-25-293643.md","text":"https://secwatch.observer/filing/0001193125-25-293643.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/26058/000119312525293643/0001193125-25-293643-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/26058/000119312525293643/cts-20251124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:25:38.576701+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f570ac75cfe400a7cfe14cf81ba954657d974c56","claim":"CTS CORP incurred revolving credit of $300 million with Wells Fargo Bank, National Association at base rate loans: at a rate per annum equal to the sum of the applicable margin p maturing five years from the closing date.","evidence_excerpt":"Bank, N.A., as Joint-Lead Arrangers; and the guarantors and lenders from time-to-time party thereto. The Credit Agreement provides for an unsecured revolving credit facility of $300 million. In addition, the Company may request, with the written consent of the Administrative Agent (and subject to certain additional conditions), that the aggregate credit extended","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/26058/000119312525293643/0001193125-25-293643-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"base rate loans: at a rate per annum equal to the sum of the applicable margin p"},{"label":"Maturity","value":"five years from the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}