MTS Systems offers $300M of senior unsecured notes due 2027

|About: MTS Systems Corporation (MTSC)|By:, SA News Editor

MTS Systems Corporation (MTSC) has launched an offering of $300M of new Senior Unsecured Notes Due 2027.

The Company intends to use the net proceeds from the offering to repay the outstanding balance of the senior secured revolving credit facility, to repay a portion of the term loan B facility due in 2023, and to pay related transaction fees and expenses.

The Company expects to increase its senior secured revolving credit facility by up to $50M.

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