---
schema_version: "secwatch.filing_event.v1"
accession: "0001320461-23-000011"
form_type: "8-K"
ticker: "CPS"
cik: "0001320461"
company_name: "Cooper-Standard Holdings Inc."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:31:36.196130+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cooper-Standard completes debt refinancing: $580M new first lien notes, repays $319.6M term loan and $250M 2024 notes

## Summary
- Issued $580M of 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027.
- Exchanged $357.4M (89.36%) of 5.625% Senior Notes due 2026 for new 5.625%/10.625% PIK Toggle Third Lien Notes due 2027.
- Prepaid and terminated $319.6M senior term loan and redeemed all $250M of 13.000% Senior Secured Notes due 2024 at 106.5%.
- Supplemental indenture removed substantially all covenants from the 2026 Senior Notes indenture.
- ABL facility amended; Goldman Sachs acted as dealer manager and financial advisor.

## SEC filing metadata
- accession: 0001320461-23-000011
- form_type: 8-K
- ticker: CPS
- cik: 0001320461
- company_name: Cooper-Standard Holdings Inc.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000011/0001320461-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000011/cps-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001320461-23-000011
- JSON: https://secwatch.observer/filing/0001320461-23-000011.json
- Plain text: https://secwatch.observer/filing/0001320461-23-000011.txt

## Key facts
- Debt Financings
  Cooper-Standard Holdings Inc. incurred senior notes of $580,000,000 with U.S. Bank Trust Company, National Association at 13.50% per annum maturing March 31, 2027.
  - Instrument: senior notes
  - Principal: $580,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 13.50% per annum
  - Maturity: March 31, 2027
  - Event: incurrence
  source text: On the Settlement Date, CSA issued $580,000,000 aggregate principal amount of New First Lien Notes pursuant to an indenture, dated as of the Settlement Date (the “New First Lien Notes Indenture”), by and among CSA, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent (the “First Lien Collateral Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000011/0001320461-23-000011-index.htm
- Debt Financings
  Cooper-Standard Holdings Inc. incurred senior notes of $357,446,000 at 5.625% Cash Pay / 10.625% PIK Toggle maturing due 2027.
  - Instrument: senior notes
  - Principal: $357,446,000
  - Rate: 5.625% Cash Pay / 10.625% PIK Toggle
  - Maturity: due 2027
  - Event: incurrence
  source text: for $357,446,000 of CSA’s newly issued 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 (the “New Third Lien Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000011/0001320461-23-000011-index.htm
- Material Agreements
  Cooper-Standard Holdings Inc. entered into New First Lien Notes Indenture with U.S. Bank Trust Company, National Association valued at $580,000,000 (effective 2023-01-27).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $580,000,000
  - Effective: 2023-01-27
  source text: On the Settlement Date, CSA issued $580,000,000 aggregate principal amount of New First Lien Notes pursuant to an indenture, dated as of the Settlement Date (the “New First Lien Notes Indenture”), by and among CSA, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000011/0001320461-23-000011-index.htm
- Material Agreements
  Cooper-Standard Holdings Inc. amended Supplemental Indenture (effective 2023-01-27).
  - Action: amendment
  - Agreement: notes offering
  - Effective: 2023-01-27
  source text: the effectiveness of a supplemental indenture (the “Supplemental Indenture”) to the 2026 Senior Notes Indenture giving effect to the Amendments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320461/000132046123000011/0001320461-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.