secwatch / observer
8-K filed December 20, 2022, 6:59 PM ET ticker CPS CIK 0001320461
debt confidence high sentiment neutral materiality 0.75

Cooper-Standard launches $580M backstopped offering of 13.5% first lien notes; exchange for 5.625% notes

Cooper-Standard Holdings Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cooper-Standard Holdings Inc. entered into Backstop Agreement with certain holders (the “Backstop Parties”) (effective 2022-12-19).

Action
entry
Agreement
underwriting
Counterparty
certain holders (the “Backstop Parties”)
Effective
2022-12-19
Exact text from the filing
On December 19, 2022, Cooper-Standard Automotive Inc. (“CSA”), a wholly-owned subsidiary of Cooper-Standard Holdings Inc. (the “Company”), entered into a backstop agreement (the “Backstop Agreement”) with certain holders (the “Backstop Parties”) that, as of such date, beneficially owned approximately 62.7% in aggregate outstanding principal amount of CSA’s existing 5.625% Senior Notes due 2026 (the “2026 Senior Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cooper-Standard Holdings Inc. amended Amendment No. 3 (the “ABL Amendment”) with certain lenders, Bank of America, N.A., as agent, and other parties (effective 2022-12-19).

Action
amendment
Agreement
credit facility
Counterparty
certain lenders, Bank of America, N.A., as agent, and other parties
Effective
2022-12-19
Exact text from the filing
On December 19, 2022, certain subsidiaries of the Company, namely Holdings, CSA, Cooper-Standard Automotive Canada Limited (the “Canadian Borrower”), Cooper-Standard Automotive International Holdings B.V. (the “European Borrower” and, together with CSA and the Canadian Borrower, the “Borrowers”), and certain subsidiaries of the Company, entered into Amendment No. 3 (the “ABL Amendment”) to the Third Amended and Restated Loan Agreement (as amended, the “Amended Senior ABL Facility”) with certain lenders, Bank of America, N.A., as agent (the “Agent”), and other parties thereto.
View on SEC.gov

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Cooper-Standard Holdings Inc. filing history →

Source: SEC EDGAR
accession 0001320461-22-000136
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