NYSE:CTSElectronic
Does CTS (CTS) Revamped Credit Line and New COO Hint at a Shift in Capital Discipline?
CTS Corporation recently entered into a new five-year unsecured revolving credit facility of US$300 million with a syndicate of banks, replacing its prior US$400 million facility and using initial borrowings to repay US$63.3 million under the former agreement.
Alongside this refinancing, CTS has seen an internal leadership shift, with long-serving Senior Vice President Martin Baumeister resigning and 2024 hire Pratik Trivedi stepping into the new Chief Operating Officer role, potentially...