CPS · Cooper-Standard Holdings Inc.

Summary

Cooper-Standard Automotive Inc., a wholly-owned subsidiary of Cooper-Standard Holdings Inc., commenced a private offering of $1.1 billion Senior Secured First Lien Notes due 2031. Net proceeds, together with cash on hand, will redeem all outstanding Existing First Lien Notes due 2027 at 102.250%, Existing Third Lien Notes due 2027 at 101.410%, and Existing Unsecured Notes due 2026 at 100.000%, plus accrued interest, on March 4, 2026, subject to closing conditions.

Key takeaways

• Commenced private offering of $1.1 billion Senior Secured First Lien Notes due 2031 by Cooper-Standard Automotive Inc.
• Redemption of all 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027 at 102.250% on March 4, 2026.
• Redemption of all 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 at 101.410% on March 4, 2026.
• Redemption of all 5.625% Senior Notes due 2026 at 100.000% on March 4, 2026.
• Offering subject to market conditions; New Notes offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
• Press release furnished as Exhibit 99.1.