MTS Systems Corporation: Covenant Quality Post-Sale Snapshot: $350m 5.75% Senior Notes due 2027
The covenant package of MTS Systems Corporation's Notes provides weakest-level protection, as reflected by a CQ score of 4.25.MTS Systems supplies test, simulation and measurement systems and sensors. The company's Test and Simulation segment provides testing solutions including hardware, software and services. Products, service and customers are grouped into three global sectors: ground vehicles, materials, and structures. The company's Sensors segment is engaged in sensing technologies and solutions used by design engineers and predictive maintenance personnel. Sensors products and solutions serve the automotive, aerospace, industrial, defense, and research and development markets. Sensors products and customers are grouped into four global sectors: positional sensors, test sensors, industrial sensors, and systems sensors.
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