CTS signs new $300 million unsecured revolving credit facility, replacing $400 million facility
CTS Corporation entered a five-year, $300 million unsecured revolving credit agreement with Wells Fargo as administrative agent, terminating its prior $400 million facility. Proceeds from initial borrowings repaid $63.3 million owed under the prior agreement, and the filing describes covenants requiring a net leverage ratio of no more than 3.5 to 1.0 and an interest coverage ratio of at least 3.0 to 1.
Key points
- New five-year unsecured revolving credit facility of $300 million, dated November 24, 2025
- Replaces the prior $400 million unsecured credit facility, which was terminated as of November 24, 2025
- Initial borrowings used to repay $63.3 million outstanding under the prior agreement
- Covenants include a maximum net leverage ratio of 3.5 to 1.0 and a minimum interest coverage ratio of 3.0 to 1
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.