---
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"
generated_at: "2026-05-16T17:25:38.576701+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# CTS Corporation enters into $300M unsecured revolving credit facility, replacing prior $400M facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-293643
- JSON: https://secwatch.observer/filing/0001193125-25-293643.json
- Plain text: https://secwatch.observer/filing/0001193125-25-293643.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $300 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: base rate loans: at a rate per annum equal to the sum of the applicable margin p
  - Maturity: five years from the closing date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/26058/000119312525293643/0001193125-25-293643-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.