Eden Prairie, Minn. –December 21, 2007 – MTS Systems Corporation (
NASDAQ: MTSC) today announced that is has entered into a $75 million, five-year, senior unsecured revolving credit facility arranged by J.P. Morgan Securities Inc. The Company has not drawn on the facility. Proceeds from the facility will be used for general corporate purposes including share purchases and acquisitions. The facility will also augment domestic liquidity.
MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company’s testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 1,618 employees and revenue of $421 million for the fiscal year ended September 29, 2007. Additional information on MTS can be found on the worldwide web at http://www.mts.com.