Cooper-Standard Automotive Issues $1.1B Senior Secured First Lien Notes Due 2031

Reuters05:46
Cooper-Standard Automotive Issues $1.1B Senior Secured First Lien Notes Due 2031

Cooper-Standard Automotive Inc., a wholly owned unit of Cooper-Standard Holdings Inc., issued $1.1 billion of 9.250% senior secured first-lien notes due 2031 under an indenture dated March 4, 2026. In a related move, the company’s subsidiaries also entered into Amendment No. 5 to its amended asset-based lending facility with Bank of America, N.A. as agent, updating the guarantor structure by releasing certain foreign subsidiary guarantees and modifying some negative covenants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cooper-Standard Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001320461-26-000057), on March 04, 2026, and is solely responsible for the information contained therein.

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