secwatch.observer — SEC 8-K summary
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Issuer:     CTS CORP (CTS)
CIK:        0000026058
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001193125-25-293643
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26058/000119312525293643/0001193125-25-293643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26058/000119312525293643/cts-20251124.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-293643

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