MTS Systems to repay some loan borrowings with notes proceeds

By Sara Rosenberg

New York, July 8 – MTS Systems Corp. will fully pay down outstanding amounts on its revolving credit facility and partially repay its term loan B with proceeds from a $300 million senior notes offering, according to a market source.

Remaining proceeds from the notes sale will be used to pay related fees and expenses.

MTS is an Eden Prairie, Minn.-based supplier of high-performance test, simulation and measurement systems, and sensors.

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