CTS Announces $150M 5-Year Credit Facility

CTS Corporation CTS announced today that it has entered into a new bank agreement that provides the Company with an unsecured revolving credit facility of $150 million for a five-year term through November 18, 2015. This new facility will be used for general corporate purposes, ongoing working capital, strategic expenditure requirements and acquisitions. The new credit facility replaces the Company's existing five-year $100 million facility that was scheduled to expire in June 2011.