Cts Corp 8-K Filing

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Key Financial Figures

• $300 million — unsecured revolving credit facility of $300 million. In addition, the Company may request,
• $125 million — up to the sum of (a)(i) the greater of $125 million and 100% of Adjusted EBITDA for the mos
• $400 million — ured credit facility replaces the prior $400 million unsecured credit facility. The prior Cr
• $63.3 million — eement were used to repay borrowings of $63.3 million under the Prior Credit Agreement. The
• $20 m — ement includes a swing line sublimit of $20 million, a letter of credit sublimit of $
• $20 million — million, a letter of credit sublimit of $20 million and an alternative currency sublimit of
• $150 million — and an alternative currency sublimit of $150 million. Borrowings on the revolving credit fac
• $100 million — sition where the total consideration is $100 million or greater is consummated and the three

Filing Documents

• cts-20251124.htm (8-K) — 53KB
• cts-ex10_1.htm (EX-10.1) — 1526KB
• 0001193125-25-293643.txt ( ) — 1904KB
• cts-20251124.xsd (EX-101.SCH) — 23KB
• cts-20251124_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On November 24, 2025, CTS Corporation (the "Company") and its subsidiary, CTS Denmark Holding A/S ("CTS Denmark") entered into a five-year Credit Agreement (the "Credit Agreement") with Wells Fargo Bank, National Association, as Administrative Agent, Swing Line Lender, and L/C Issuer; Wells Fargo Securities LLC, as Sole Book Runner and Joint-Lead Arranger; BofA Securities, Inc. and BMO 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 under the Credit Agreement in the form of incremental revolving loans or term loans be increased by up to the sum of (a)(i) the greater of $125 million and 100% of Adjusted EBITDA for the most recently completed four fiscal quarters, plus (ii) the aggregate amount of certain optional prepayments of revolving loans plus (b) an amount such that on a pro forma basis after giving effect to the incurrence of any such incremental loans, the net leverage ratio would not exceed 3.0 to 1.0. The Company's new unsecured credit facility replaces the prior $400 million unsecured credit facility. The prior Credit Agreement (the "Prior Credit Agreement") by and among the Company, its subsidiary, CTS Denmark; BMO Harris Bank N.A., as L/C Issuer and Administrative Agent; BMO Capital Markets Corp., as Sole Book Runner and Joint-Lead Arranger; Bank of America, N.A., Wells Fargo Bank, N.A., and U.S. Bank National Association, as Joint-Lead Arrangers; and the guarantors and lenders from time-to-time party thereto was terminated as of November 24, 2025. Proceeds from initial borrowings under the Credit Agreement were used to repay borrowings of $63.3 million under the Prior Credit Agreement.

02 Termination of Material Definitive Agreement

Item 1.02 Termination of Material Definitive Agreement. Information reported under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in response to this Item 1.02. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Information reported under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in response to this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1* Credit Agreement by and among CTS Corporation, the Lenders from time to time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent, Swing Line Lender and L/C Issuer dated November 24, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) * Certain exhibits and schedules to this Exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish supplementally a copy of any omitted exhibit or schedule to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 24, 2025 By: /s/ Mark Pacioni Mark Pacioni, Vice President, Chief Legal and Administrative Officer and Secretary

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